Thu, 13 Dec 2012 12:22:57 GMT
Wheat sank on bleak US export forecast
Farm commodities plunged on Wednesday despite improved demand for riskier assets after the Fed announced additional stimulus measures. However, weak demand for US grains and rising production of softs in South America and China offset optimism over US economy, sending rural commodities lower.Wheat dipped after the USDA cut its outlook on US wheat exports in 2012-13, citing tough competition on