Monday, June 18, 2007

Wheat Falls as Drier U.S. Weather May Speed Harvest Slowed by Heavy Rains

(Bloomberg) -- Wheat fell in Kansas City and
Chicago on speculation that drier weather later this week in the
Great Plains will allow U.S. farmers to collect more grain than
expected after too much rain slowed the early harvest.

Less moisture is expected in parts of Kansas, Oklahoma and
Texas, according to Woburn, Massachusetts-based forecaster
Meteorlogix LLC. The region had as much as three times normal
rainfall in the past 30 days. About 5 percent of the winter-
wheat crop was harvested as of June 10, compared with 17 percent
a year earlier, U.S. Department of Agriculture data show.


Read more at Bloomberg Commodities News

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