Wheat Drops as Rains May Boost Dry Crops; Corn, Soybeans Fall
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Wheat futures tumbled the most in two weeks after rains in the U.S. Great Plains and Europe improved crop prospects. Corn and soybeans also dropped.
Parts of southwest Kansas, the biggest U.S. winter-wheat grower, and northern Oklahoma received an inch (2.5 centimeters) of rain last night, according to a Commodity Weather Group report. France and southern Germany may get up to 2 inches of rain in the next week, after some showers yesterday, according to AccuWeather Inc.