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Commodities Briefing - Categorized | Agriculture, Price Watch more

Wheat rebounds from 4-week low on U.S. Northern Plains flooding

Posted on 31 March 2009

From Bloomberg: Wheat rebounded from the lowest price in almost four weeks on speculation that the amount of spring wheat planted in the U.S. northern Great Plains will drop as excessive snow and rain flooded fields.

As much as six times normal precipitation has fallen in parts of North Dakota and Minnesota, the largest U.S. spring- wheat producers, in the past week, National Weather Service data show…..Full Article: Source


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