Tuesday, June 19, 2007

Wheat Falls Most in Five Months in Kansas City on Forecast of Dry Weather

(Bloomberg) -- Wheat futures fell the most in five
months in Kansas City and the most in two months in Chicago on
forecasts of dry weather in the southern Great Plains that may
allow U.S. farmers to speed up a harvest delayed by heavy rains.

Fields from Texas to Nebraska are in for above-average
temperatures and below-normal rainfall for the next 10 days,
which will help improve prospects for the mature hard-red winter
crop, according to Meteorlogix LLC, a Woburn, Massachusetts-based
private forecaster.


Read more at Bloomberg Commodities News

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