Thursday, May 24, 2007

Wheat Rises in Chicago as Rain, Wind Damage Crops in U.S. Southern Plains

(Bloomberg) -- Wheat futures in Chicago rose the
most in a month as flooding and winds in the U.S. southern
plains damaged plants already weakened by freezing temperatures
in April.

As much as 7 inches (18 centimeters) of rain fell in parts
of Kansas, said Fred Gesser, a forecaster at Planalytics Inc. in
Wayne, Pennsylvania. The rains broke plant stems that had been
weakened on April 7 when temperatures fell as low as 17 degrees
Fahrenheit (minus 8 Celsius).


Read more at Bloomberg Commodities News

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