Agricultural commodities fell as traders weighed an improved outlook for global food supplies, with signs pointing to burgeoning palm oil exports from Indonesia and a large Russian wheat crop this season. Palm oil slumped further into a bear market, dropping about 9% on Monday and another 1.8% on Tuesday, as top shipper Indonesia ramps up shipments. That’s a turnaround from the end of April when prices hit a record closing high as the country temporarily banned palm oil exports to cool domestic food inflation and the war in Ukraine restrained sunflower oil trade. In Chicago, wheat and corn prices fell about 2% as trading resumed after a holiday. The outlook for North American wheat supplies is picking up, while analysts continue to increase their estimates for Russia’s wheat crop, which is expected to be near or at a record after favorable […]