Thursday, 21 April 2011
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Wheat Halts Rally as Rain May Ease Dry Crops in Great Plains, Corn Drops
Wheat fell from a two-month high on speculation that earlier gains were exaggerated as rain may aid dry crops in the U.S. Great Plains and as lower corn prices limit demand for wheat as a livestock feed. Parts of Oklahoma and eastern Texas may receive 0.25 inch (0.6 centimeter) to 0.75 inch of rain tomorrow through April 24, said Mike Tannura, the president of T-Storm Weather in Chicago. Some of
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