(Bloomberg) -- Wheat surged to 11-year highs in
Kansas City and Chicago, extending weeklong rallies, as
unusually heavy rains delay the U.S. harvest and damage fields
in the southern Great Plains.
As much as 1 inch of rain fell in parts of the southern
Plains in the past 24 hours, delaying wheat harvesting and
increasing losses. About 5 percent of the crop was collected as
of June 10, less than the five-year average of 10 percent, after
some fields received as much as three times the normal rain the
past 30 days, data from the Department of Agriculture show.
Read more at Bloomberg Commodities News
Kansas City and Chicago, extending weeklong rallies, as
unusually heavy rains delay the U.S. harvest and damage fields
in the southern Great Plains.
As much as 1 inch of rain fell in parts of the southern
Plains in the past 24 hours, delaying wheat harvesting and
increasing losses. About 5 percent of the crop was collected as
of June 10, less than the five-year average of 10 percent, after
some fields received as much as three times the normal rain the
past 30 days, data from the Department of Agriculture show.
Read more at Bloomberg Commodities News
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