Wheat Falls on Concern Demand to Ebb as Japan Crisis Escalates
This article is for subscribers only.
Wheat futures tumbled the most in four weeks on speculation that demand will decline for U.S. commodities after the nuclear crisis escalated in Japan.
Japan, the second-biggest buyer of U.S. wheat last year, raised the severity rating of its nuclear crisis to the highest level after more earthquakes struck the country and radiation from a damaged power station increased. The Reuters/Jefferies CRB Index of 19 raw materials fell the most in four weeks as U.S. Treasury bonds rose.