Wheat Falls as Rain Boosts Outlook in Southern Australia, India

Lock
This article is for subscribers only.

Wheat fell in Chicago, erasing a climb to a three-week high, as rain in India and Australia lifted crop prospects and as dry weather may permit the Canadian harvest to advance.

December-delivery wheat slid 1.7 percent to $7.29 a bushel on the Chicago Board of Trade at 2:14 p.m. Paris time. The contract had advanced as high as $7.485, the highest price since Aug. 13, according to data compiled by Bloomberg.