Wednesday, June 6, 2007

Wheat Futures Fall as Drier Weather May Aid Harvest of U.S. Winter Crop

(Bloomberg) -- Wheat prices fell in Chicago and
Kansas City as drier weather in the southern Great Plains may
help farmers in Kansas and northern Oklahoma begin the harvest on
time.

Wheat cutting usually starts about June 15 in Kansas, the
largest U.S. producer. Harvests in Texas and Oklahoma have been
slowed this year by excessive rains. Parts of those states have
received as much as four times normal moisture in the past 30
days, according to National Weather Service data.


Read more at Bloomberg Commodities News

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