Rebounding wheat harvests...especially from last year's drought stricken nations of Ukraine and Russia...are driving down the price of wheat....to levels not seen in 3 years.
In Chicago...wheat plunged 21% to $6.24 a bushel this year...and may drop to $5.90 before January.
Inventories are estimated to grow by 5%...to 684 million metric tons...the highest in a decade.