(Bloomberg) -- Wheat rose to a seven-week high in Chicago after a government report showed freezing weather damaged some of the crop in the U.S., the world's largest exporter of the grain.
About 55 percent of the winter-wheat crop was in good or excellent condition on April 15, down from 64 percent a week earlier, the U.S. Department of Agriculture said yesterday in a report. Temperatures dropped into the upper teens for several hours on April 7 and 8. Damage occurs if temperatures fall below 28 degrees Fahrenheit (minus 2 Celsius) for two hours.
Read more at Bloomberg Commodities News
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