Wednesday, June 20, 2007

Wheat Rises as Rain Keeps Farmers Out of Fields, Taiwan Buyers Place Order

(Bloomberg) -- Wheat rose for the first session in
four in Chicago and Kansas City after rains soaked fields and
prevented U.S. farmers from harvesting the mature winter crop in
the southern Great Plains.

Thunderstorms overnight were heavier than expected in
Oklahoma and Texas, private forecaster Meteorlogix LLC said.
Prices also gained after the Taiwan Flour Millers Association
said it bought 89,910 metric tons of U.S. wheat in a tender.


Read more at Bloomberg Commodities News

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