Wheat, After Record High Yesterday, Rallies as Rains May Damage U.S. Crop

(Bloomberg) -- Wheat rose in Chicago as wet
weather stalls harvesting and damages crops in the southern
U.S. Great Plains.

Parts of Oklahoma got as much as 5 inches of rain in the
past 24 hours, according to the Oklahoma Wheat Commission. Some
fields and roads were flooded, prompting growers to consider
abandoning the crops and seeking insurance payments, said
Commission spokeswoman KC Keffer.


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