Thursday, July 12, 2007

Wheat Futures Rise in Kansas City as U.S. Cuts Crop Estimate After Rains

(Bloomberg) -- Wheat rose in Kansas City as the
U.S. Department of Agriculture cut its estimate for this year's
harvest after excessive rains hurt the winter crop in the
southern Great Plains.

U.S. farmers will harvest 2.138 billion bushels of wheat,
down 1.4 percent from a June estimate, the USDA said today in a
report. The rains damaged the hard-red winter crop in parts of
Texas, Oklahoma and Kansas.


Read more at Bloomberg Commodities News

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