Wheat rises on continues dryness in Texas

Source: Bloomberg
© Scanpix/RS
Wheat traded in Chicago increased on Monday after the futures recorded the largest drop since January 10 last week amid speculation that dryness in Texas may not be eased by weather forecast signaling light rains in the area. Wheat futures for settlement in May gained as much as 0.7% to $6.7475 per bushel as of 5:26 a.m. in Chicago.

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