Wheat Gains as U.S. Winter Crop Worsens and Black Sea Stays Dry
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Wheat climbed in Chicago after winter-crop conditions worsened in the U.S., the largest exporter, and as a lack of rain in the Black Sea region raised concerns production there will be affected.
U.S. winter wheat was rated good to excellent for 32 percent of the crop as of May 5, down from 33 percent the previous week and compared with top ratings for 63 percent a year earlier, according to the U.S. Department of Agriculture.