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Wheat rose to the highest in almost five weeks on speculation that U.S. farmers will plant fewer acres with spring varieties due to cold weather.
Wheat rose for a second day in Chicago, extending a rebound from a nine-month low on concern frost in the U.S. hurt the winter crop and as wet weather may delay spring planting.
Those yield gains would occur with the first commercial product, which the company is developing via conventional and biotechnology approaches.
State-by-state crop and weather report details.
EU Commission released short-term outlook.
The historic 2012 drought is far from over, but it has at least subsided in parts of the country.
Scarce stocks could send prices soaring or crashing just as they did in 2008 and 2009, when prices rose to record-highs only to crash following the Great Recession.
Even though stocks are declining, supply remains secure worldwide.
Chip Flory and Brian Grete discuss the wheat market in this week’s Pro Farmer Profit Briefing.
Wheat production to be down 26% from last season.