Wheat Heads for Biggest Monthly Advance Since 1973 on Drought
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Wheat rose in Chicago, heading for the biggest monthly gain since 1973, on concern that a crop- damaging drought in Russia and parts of Europe will curb exports, lifting demand for U.S. supplies.
September-delivery wheat climbed for a third day on the Chicago Board of Trade, adding 1.3 percent to $6.24 a bushel at 1:21 p.m. Paris time. Futures earlier rose to a 13-month high of $6.2425.