Wheat Futures Fall as Kansas Rain Boosts Crop Outlook
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Wheat futures fell for the third straight session on speculation that rain in parts of Kansas, the biggest U.S. grower of winter varieties, will boost crop prospects.
Precipitation increased soil moisture in central and eastern counties in Kansas. Yesterday, the U.S. Department of Agriculture reported that 81 percent of the state’s winter crop was planted as of Oct. 14, up from 65 percent a week earlier, while wheat dropped to a 13-week low.