Tuesday, 08 May 2007

Wheat Falls to Three-Week Low After Winter Crop Conditions Improve in U.S.

(Bloomberg) -- Wheat prices fell to their lowest close in more than three weeks in Chicago and Kansas City after conditions of the U.S. winter crop improved for a second- consecutive week.

About 57 percent of the crop was in good or excellent condition on May 6, up a point from a week earlier, the Department of Agriculture said yesterday. Cool, wet weather helped plants hurt by a freeze on April 7. The price in Chicago has dropped 4 percent this year.


Read more at Bloomberg Commodities News

No comments: