(Bloomberg) -- Wheat rose in Chicago and Kansas
City, extending its rally to the highest price since 1996, as
storms delayed the harvest of U.S. crops already diminished by
an earlier cold spell.
As much as 5 inches of rain fell overnight in Oklahoma and
Kansas, the largest wheat-growing state, and some fields were
hit by hail four inches in diameter, said Weather Derivatives
meteorologist David Salmon. Prices are up 33 percent in Chicago
since April 7, when some U.S. crops were hurt by temperatures
that dropped as low as 17 degrees Fahrenheit (minus 8 Celsius).
Read more at Bloomberg Commodities News
City, extending its rally to the highest price since 1996, as
storms delayed the harvest of U.S. crops already diminished by
an earlier cold spell.
As much as 5 inches of rain fell overnight in Oklahoma and
Kansas, the largest wheat-growing state, and some fields were
hit by hail four inches in diameter, said Weather Derivatives
meteorologist David Salmon. Prices are up 33 percent in Chicago
since April 7, when some U.S. crops were hurt by temperatures
that dropped as low as 17 degrees Fahrenheit (minus 8 Celsius).
Read more at Bloomberg Commodities News
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