(Bloomberg) -- Wheat futures fell as participants in a U.S. wheat tour estimated Kansas will produce 35 percent more of the grain this year than last after most of the crop escaped major damage from an April 7 freeze. Corn prices gained.
The hard-red winter wheat crop in Kansas will be about 392 million bushels, the average estimate of experts inspecting fields since April 30. Last year's harvest was 291.2 million bushels, the U.S. Department of Agriculture said in January.
Read more at Bloomberg Commodities News
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