Wheat stocks fall to 8-year low

Global wheat supplies are tightening, with ending stocks projected to hit their lowest level since 2017, despite improved harvest forecasts in parts of Europe and Asia. The USDA’s latest report signals rising consumption and mixed outlooks across key producers. Markets, however, remain bearish. EU harvest forecast raised The US Agriculture Department (USDA) has increased its forecast for the EU wheat harvest for the third consecutive month, now estimating 137.25 million tonnes.