Wheat Futures Fall as Growers Prepare to Harvest Larger U.S. Winter Crop

(Bloomberg) -- Wheat futures fell for the third
straight day in Chicago and Kansas City as U.S. farmers prepare
to harvest 24 percent more winter wheat than last year.

Growers are expected to harvest 1.62 billion bushels of
winter wheat compared with 1.3 billion last year, the U.S.
Department of Agriculture said last week. Farmers planted 8.7
percent more of the grain in October and November after prices
reached the highest in 10 years because of drought. Prices tend
to fall before the U.S. harvest in April and May.


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