(Bloomberg) -- Wheat futures may fall after a survey of fields in Kansas, the biggest producing state, estimated the crop will be 35 percent larger than last year. Corn may rise as wet weather delays planting in the U.S. Midwest.
The hard-red winter wheat crop in Kansas will be about 392 million bushels, the average estimate of experts on a crop tour sponsored by the Wheat Quality Council. The state harvested 291.2 million bushels last year, according to the U.S. government. Fields will produce about 41 bushels an acre, compared with a five-year average of 38 bushels, the group said.
Read more at Bloomberg Commodities News
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