Monday, July 9, 2007

Wheat Futures Decline as Dry Weather Speeds Harvest of U.S. Winter Crop

(Bloomberg) -- Wheat fell in Kansas City and Chicago
on speculation that drier weather accelerated harvesting of the
U.S. winter crop in the southern Great Plains.

Parts of Kansas, the largest winter-wheat-producing state,
have received no rain in the past seven days, National Weather
Service data show. Harvest of the hard-red crop from Texas to
Nebraska had been delayed as nearly four times normal rain fell
in parts of the region in the past 30 days. Farmers may increase
sales after prices rose 33 percent in three months in Chicago.


Read more at Bloomberg Commodities News

No comments: