Tuesday, July 3, 2007

Wheat Futures Fall in Kansas City as Farmers Speed up Winter-Crop Harvest

(Bloomberg) -- Wheat fell in Kansas City as drier
weather allowed farmers to accelerate harvesting of the winter
crop in Kansas, the biggest producing state, and in some fields
east of the Mississippi River, boosting supplies.

About 40 percent of the U.S. winter crop was cut as of
July 1, compared with 22 percent a week earlier, the Department
of Agriculture said yesterday. About 59 percent of the winter
wheat in Kansas was harvested, up from 20 percent. Still, the
overall harvest is behind the five-year average of 54 percent
because of heavy rains in parts of the Great Plains.


Read more at Bloomberg Commodities News

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