Tuesday, May 22, 2007

Wheat Falls to Five-Week Low as U.S. Crop Conditions Improve After Freeze

(Bloomberg) -- Wheat in Chicago fell to the lowest
in five weeks after a government report said the condition of
the U.S. winter crop improved for the fourth straight week as
wet weather helped plants recover from a freeze in early April.

About 59 percent of the winter-wheat crop was rated good or
excellent as of May 20, compared with 58 percent the previous
week, the U.S. Department of Agriculture said yesterday. Fields
in western Kansas may yield as much as 60 bushels an acre, said
Jamey Kohake, a broker at Paragon Investments in Silver Lake,
Kansas.


Read more at Bloomberg Commodities News

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