(Bloomberg) -- Wheat rose in Chicago and Kansas
City on speculation that heavy rains in northern Europe and
hot, dry conditions in parts of the U.S. and Canada will reduce
global production.
About 75 percent of northern Europe received as much as
1 inch (2.5 centimeters) of rain during the weekend and more is
expected in the next 10 days, damaging wheat, said John Dee,
president of Global Weather Monitoring in Mohawk, Michigan. In
North America, dry weather and temperatures above 100 degrees
Fahrenheit (38 Celsius) may damage ripening crops, Dee said.
Read more at Bloomberg Commodities News
City on speculation that heavy rains in northern Europe and
hot, dry conditions in parts of the U.S. and Canada will reduce
global production.
About 75 percent of northern Europe received as much as
1 inch (2.5 centimeters) of rain during the weekend and more is
expected in the next 10 days, damaging wheat, said John Dee,
president of Global Weather Monitoring in Mohawk, Michigan. In
North America, dry weather and temperatures above 100 degrees
Fahrenheit (38 Celsius) may damage ripening crops, Dee said.
Read more at Bloomberg Commodities News
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