Tuesday, May 15, 2007

Wheat Falls Most in Week as Report Shows Improved Condition of U.S. Crops

(Bloomberg) -- Wheat fell for the first time in three sessions in Chicago after a government report showed continued improvement in the U.S. winter crop following freeze damage in early April.

About 58 percent of winter wheat was in good or excellent condition as of May 13, the third straight weekly increase, the U.S. Department of Agriculture said yesterday. Ample rains and moderate temperatures in the southern Great Plains for most of last month have helped plants recover, analysts said.


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