The price of wheat is falling after the government predicted U.S. inventories will increase by the end of next year's growing season in part because of weaker export demand.
Wheat for March delivery fell 3.2 percent to end Tuesday at $8.215 per bushel. Corn and soybeans also fell.
The U.S. Agriculture Department predicted wheat supplies will total 754 million bushels after next year's harvest. That's 11 million bushels higher than this year's production estimate.
Meanwhile, orange juice futures are up nearly 4 percent after the government cut next year's production forecast to 9.01 million tons. That is a 4 percent drop from October's forecast and slightly less than this year's production.
Prices for gold, silver, copper and natural gas are lower. Oil, gasoline and cotton are higher.
Thomas Sowell - Charlatans and Sheep: Part II
Trey Gowdy on Kevin McCarthy’s Hillary comments: Apologizing doesn’t fix the damage to the Benghazi committee
Ted Cruz finds a question that the Sierra Club DARED not answer. | RedState
Not Welcome in Umpqua: Armed Protest May Greet President's Attempt to Exploit Tragedy - Bearing Arms - Barack Obama, Mass Shooting, Oregon, Umpqua Community College
The War on America Turns 50 | Human Events
Recycling: The Triumph of Feel-Goodism over Common Sense
Pop goes Piers Morgan's liberal narrative on the #UCCShooting