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    Wheat prices fall on record stockpile forecast

    Wheat prices are falling after the government predicted global supplies would reach a record high by the end of June.

    The U.S. Agriculture Department expects global stockpiles to total 213.1 million metric tons at the end of June. That's up 3.1 million metric tons from January's forecast.

    Wheat prices fell 2.2 percent Thursday. The price has climbed this year on speculation that supplies may be tighter because of potential crop damage due to freezing weather in parts of Europe.

    Other commodity prices are climbing after Greece announced an agreement to make spending cuts it needs to avoid defaulting on its debt next month. The European Central Bank kept its main interest rate low.

    Gold silver, copper and oil are higher while corn, soybeans, platinum and palladium are lower.

     

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