(Bloomberg) -- Wheat prices fell in Chicago and
Kansas City, giving up earlier gains, as rain benefited crops in
Australia and other exporting countries.
Soil moisture has improved in Australia, the third-biggest
exporter of the grain, after drought last year killed or damaged
plants. The U.S. government still expects Australia to produce
57 percent less wheat during the marketing year ended May 31
than in the previous year. Rain in parts of Canada may benefit
the spring wheat crop, forecaster Meteorlogix said.
Read more at Bloomberg Commodities News
Kansas City, giving up earlier gains, as rain benefited crops in
Australia and other exporting countries.
Soil moisture has improved in Australia, the third-biggest
exporter of the grain, after drought last year killed or damaged
plants. The U.S. government still expects Australia to produce
57 percent less wheat during the marketing year ended May 31
than in the previous year. Rain in parts of Canada may benefit
the spring wheat crop, forecaster Meteorlogix said.
Read more at Bloomberg Commodities News
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