(Bloomberg) -- Wheat rose in Chicago to the highest
price this month on speculation the U.S. harvest will be smaller
than the government forecast in June, after heavy rains damaged
the winter crop.
Ripening hard-red winter wheat in the southern Great Plains
was harmed by rainfall that in some areas was six times normal.
The government tomorrow may forecast a total wheat harvest of
2.145 billion bushels, down 1.1 percent from June, according to
the average estimate of 13 analysts in a Bloomberg survey.
Read more at Bloomberg Commodities News
price this month on speculation the U.S. harvest will be smaller
than the government forecast in June, after heavy rains damaged
the winter crop.
Ripening hard-red winter wheat in the southern Great Plains
was harmed by rainfall that in some areas was six times normal.
The government tomorrow may forecast a total wheat harvest of
2.145 billion bushels, down 1.1 percent from June, according to
the average estimate of 13 analysts in a Bloomberg survey.
Read more at Bloomberg Commodities News
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