Monday, June 4, 2007

Wheat Futures Climb as Rains Delay Harvest, Hurt Crops in Great Plains

(Bloomberg) -- Wheat prices rose in Chicago and
Kansas City after rainfall in the southern Great Plains hurt
plants and delayed the harvest.

As much as six times the normal amount of rain fell from
Texas to Nebraska in the past two weeks, National Weather
Service data showd. Oklahoma and Kansas growers, who would
normally start cutting wheat this week, may have to wait at
least 10 days, said Darrell Holaday, president of Advanced
Market Concepts in Manhattan, Kansas.


Read more at Bloomberg Commodities News

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