Wheat Rallies as Rains May Reduce Yields in Oklahoma More Than Expected

(Bloomberg) -- Wheat futures rose in Chicago and
Kansas City on reports of lower-than-expected yields in Oklahoma,
where fields have been inundated with heavy rains.

Parts of the state, the second-biggest producer of winter
wheat, have received four times the normal rainfall in the past
month, according to National Weather Service data. Fungal
diseases that can reduce yields, including leaf rust and powdery
mildew, thrive in warm, moist conditions.


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