Monday, May 7, 2007

U.S. Wheat, Little Changed, May Rise on Speculation Disease May Cut Yields

(Bloomberg) -- Wheat prices, little changed in Kansas City and Chicago, may rise as wet weather in U.S. growing areas may increase disease and cut yields of crops nearing maturity.

As much as six times the normal rain has fallen in parts of Kansas, Oklahoma and Texas in the past seven days, according to data from the National Weather Service. Diseases such as powdery mildew, a fungus that forms on leaves, thrive in warm, wet conditions.


Read more at Bloomberg Commodities News

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