Wheat Rebounds From Three-Month Low on U.S., Australia Dryness
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Wheat rose in Chicago, rebounding from a three-month low as dry weather in parts of the U.S. and Australia puts crops at risk in the world’s two biggest exporters of the grain.
Rains missed many parts of the U.S. northern Plains over the weekend, while Western Australia will remain mostly dry in the next six days, Telvent DTN Inc. said yesterday. About 36 percent of U.S. winter wheat had emerged by Oct. 14, below the five-year average of 44 percent, the government said.