Wheat Declines as Accelerating Harvest Boosts U.S. Grain Supply
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Wheat fell, heading for the biggest monthly slump since 2008, as warm, dry weather allows farmers to accelerate the harvest in the U.S. Great Plains.
About 44 percent of the winter crop was harvested as of yesterday, ahead of the five-year average of 37 percent, the U.S. Department of Agriculture said today after the close of trading in Chicago. Plant quality in Ellis County, Kansas, has been “excellent,” while yields were “variable,” Kansas Wheat, a trade group, reported June 25 on its website. Kansas is the biggest U.S. winter wheat growing state.