Friday, 13 July 2007

Wheat Declines on Speculation Crop Yields in Western Kansas May Double

(Bloomberg) -- Wheat fell in Kansas City on
speculation that yields in western Kansas and eastern Colorado
may as much as double.

Western Kansas was spared from excessive rain that damaged
crops in central and eastern Kansas and most of Oklahoma,
National Weather Service data showed. Yields will climb to 50 to
80 bushels an acre from 39 a year earlier, traders and analysts
said. Kansas growers are expected to get an average of 40.7
bushels an acre, the U.S. Department of Agriculture said on July
11.


Read more at Bloomberg Commodities News

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