Tuesday, July 17, 2007

Wheat Falls, Giving Up Gains, as Harvest Approaches Completion in Midwest

(Bloomberg) -- Wheat fell in Kansas City and
Chicago, giving up earlier gains, as harvesting of the U.S.
winter crop neared completion and boosted supplies.

Seventy percent of the crop was cut as of July 15, compared
with a five-year average of 73 percent, the U.S. Department of
Agriculture said yesterday. Harvest was ahead of schedule in
parts of the eastern Midwest including Ohio, which was
99 percent finished. Farmers in southern Plains states including
Oklahoma and Kansas were almost done, USDA data show.


Read more at Bloomberg Commodities News

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