12-08-2014 03:00 AM | USA

Wheat declines for third session on US crop outlook

Wheat futures fell for the third straight session on speculation that output will top government estimates in the U.S., the world’s top exporter. Concerns eased that shipments from the Black Sea region will be disrupted.

The U.S. may harvest 2.015 billion bushels, more than the 1.992 billion forecast by the Department of Agriculture last month, a Bloomberg News survey showed. Ukraine said it’s nearing the end of its operation to encircle separatist strongholds as the U.S. and NATO warned Russia against any attempt to send in troops to support the rebels.
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