Lower wheat prices could filter down to some bottom lines


Wheat prices could fall as world reserves are forecast to exceed previous expectations.

Global inventories before the start of the 2014 harvests in the Northern Hemisphere will be 2.4% higher than a year ago.

Wheat futures for delivery next spring touched their lowest level since June 2012 earlier today.

Related stocks: General Mills (GIS), PepsiCo (PEP), Campbell Soup (CPB), Post Holdings (POST), ConAgra (CAG), Ralcorp (RAH), Flower Foods (FLO),  and J.M. Smucker (SJM) could see a minor impact from sustained lower wheat prices. The pricing of the commodity also spills over to affect the costs for companies farther removed from the food industry - including Buffalo Wild Wings (BWLD) and Anheuser-Busch InBev (BUD).

Related ETF: WEAT

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