Friday, May 4, 2007

Chicago Wheat Declines as Kansas May Produce More; Corn Little Changed

(Bloomberg) -- Chicago wheat fell as participants in a U.S. wheat tour estimated Kansas, the largest wheat-growing state, will produce 35 percent more of the grain this year than last. Corn prices were little changed.

The hard-red winter wheat crop in Kansas will be about 392 million bushels, the average estimate of experts inspecting fields since April 30. The state harvested 291.2 million bushels last year, the U.S. Department of Agriculture said in January.


Read more at Bloomberg Commodities News

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