Wheat Rises to 7-Month High as U.S. Crop Condition Declines on Heavy Rains

(Bloomberg) -- Wheat rose to a seven-month high in
Chicago after the government said U.S. crop conditions worsened
because heavy rains damaged fields and slowed the harvest.

Winter wheat in good or excellent condition decline to 53
percent of the crop as of June 3 from 57 percent a week earlier,
the U.S. Department of Agriculture data show. About 1 percent
had been harvested, down from 7 percent a year earlier. Rainfall
was about six times normal from Nebraska to Texas since May 22.


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