Wheat Drops as Kansas Snow Eases Drought Concern; Corn Declines
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Wheat fell the most in seven weeks as snowfall expected in Kansas, the biggest U.S. grower of winter varieties, eased concern that drought in the Great Plains will damage crops. Corn fell, and soybeans rose.
About 20 inches (51 centimeters) of snow is expected in Dodge City, Kansas, from a storm that started yesterday, according to the National Weather Service. Nine inches has fallen in Plainville, in the north-central part of the state, government data show. Parts of Kansas are in an exceptional drought, meaning deficient soil moisture and likely crop losses, according to the U.S. Drought Monitor.