Tuesday, June 19, 2007

Wheat Falls Most in 4 Weeks as Dry Weather May Help Speed Up U.S. Harvest

(Bloomberg) -- Wheat prices fell the most in four
weeks in Chicago and Kansas City as dry weather in the U.S.
southern Great Plains may allow farmers to speed up a harvest
that's been delayed by heavy rains.

Fields from Texas to Nebraska are in for above-average
temperatures and below normal rainfall for the next 10 days,
which will help improve prospects for the mature hard-red winter
crop, according to Meteorlogix LLC, a Woburn, Massachusetts-based
private forecaster.


Read more at Bloomberg Commodities News

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