(Bloomberg) -- Wheat rose to a seven-week high in Chicago after a government report showed freezing weather damaged some of the crop in the U.S., the world's largest exporter of the grain.
About 55 percent of the winter wheat crop was in good or excellent condition on April 15, down from 64 percent a week earlier, the U.S. Department of Agriculture said yesterday in a report. Temperatures dropped as low as 17 degrees Fahrenheit (minus 8 Celsius) in parts of Kansas on April 7. Damage occurs if temperatures fall below 28 degrees for two hours.
Read more at Bloomberg Commodities News
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