Wheat Rises to 2-Week High on Speculation Rains Spawned U.S. Crop Disease

(Bloomberg) -- Wheat rose to a two-week high in Chicago on speculation wet weather may promote disease in the U.S. crop.

Parts of Oklahoma and Kansas, the largest wheat-growing state, received as much as four times normal moisture in the past 30 days, according to data from the National Weather Service. Fungal diseases including wheat leaf rust and powdery mildew are common in wheat that's been subjected to persistent wet weather, according to a Cornell University report.


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