Tuesday, July 3, 2007

Wheat Futures Are Little Changed, Paring Early Losses on Harvest Progress

(Bloomberg) -- Wheat closed little changed in
Kansas City, paring earlier losses on progress in harvesting
the winter crop, especially in Kansas, the biggest producer.

About 40 percent of U.S. winter wheat was cut as of July
1, compared with 22 percent a week earlier, the Department of
Agriculture said yesterday. About 59 percent of the winter
wheat in Kansas was harvested, up from 20 percent. Still, the
overall harvest is behind the five-year average of 54 percent
because of heavy rains in parts of the Great Plains.


Read more at Bloomberg Commodities News

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