Thursday, May 31, 2007

Wheat Rises to One-Month High as Rain Slows U.S. Harvest, Promotes Disease

(Bloomberg) -- Wheat in Chicago and Kansas City rose
to the highest in a month as wet weather in the U.S. southern
Great Plains slowed the harvest and damaged the winter crop.

Some fields from Texas to Kansas may receive as much as
three times the normal moisture in the next five days, T-Storm
Weather said. As much as four times the normal rain fell in the
region in the past 30 days, according to data from the National
Weather Service. Wet, warm weather promotes fungal diseases such
as leaf rust, reducing both yields and quality.


Read more at Bloomberg Commodities News

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