Wheat dropped the most in two weeks in Chicago on speculation precipitation in the U.S. southern Plains and “significant” rains in the northern Plains will boost crop prospects. Corn declined.
Rain this week will help plants in Kansas, the second- biggest U.S. wheat grower, and inOklahoma, Commodity Weather Group said in an e-mailed report today. About six times the normal amount of precipitation fell in parts of North Dakota, the biggest U.S. producer, and inSouth Dakota and Minnesota last week, National Weather Service data show…http://www.bloomberg.com/news/2012-03-06/corn-drops-from-near-four-month-high-as-u-s-crop-planting-set-to-increase.html
