Thursday, May 3, 2007

Chicago Wheat Falls as U.S. Winter Crop Yields May Top 2006; Corn Gains

(Bloomberg) -- Wheat futures fell for a second day as hard red winter wheat yields in Kansas and Oklahoma may surpass last year as most of the crop only had minor damage from a freeze April 7. Soybeans fell, while corn gained for a third day.

Yields are estimated to be 43.2 bushels an acre when the crop is harvested in June, compared with 37.2 bushels a year earlier, according to data gathered by about 60 participants in a four-state tour of fields.


Read more at Bloomberg Commodities News

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