Wednesday, May 2, 2007

Chicago Wheat Falls as U.S. Winter Crop Yields May Be Similar to Last Year

(Bloomberg) -- Chicago wheat futures fell on speculation hard-red winter wheat yields in the U.S. Great Plains may be similar to last year even after an Easter-weekend freeze hurt crops. Soybeans also declined, while corn gained.

Yields will average about 40 bushels an acre when the crop is harvested in June and July compared with 40.6 bushels an acre last year, according to participants in a crop tour through Kansas and into parts of Colorado, Oklahoma and Nebraska.


Read more at Bloomberg Commodities News

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