The prices of CBoT wheat futures fall to their lowest level in two months. The price pressure on the cash market comes from the large stock in the world, while demand is weakening due to corona.
The USDA had estimated the global wheat supply at the end of the 2020/21 season in its report on Tuesday at 310.12 million tons. At the end of the 2019/20 season, there were 295.12 million tons. Since then, the market has had other conditions that worsen the position of the sellers. 
Source
Hansa Terminhandel GmbH
