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Tuesday, June 20, 2006

Wheat Futures Higher On Lower Crop Ratings

Wheat futures higher on lower crop ratings: Wheat futures were higher across the board, led by Spring Wheat futures traded in Minneapolis, as the USDA announced a 7% decline in the good-to-excellent category for the Spring Wheat crop. This news, coupled with harvest delays to the Hard Red Winter Wheat crop due to wet weather in the Plains, allowed bulls to take control of the Wheat market today. Read More....