Crop drops on speculation about U.S. harvest

Source: Bloomberg
© Scanpix/Reuters
Wheat futures for July settlement edged lower by 1.2% to $7.225 per one bushel on the Chicago Board of Trade in the morning of Singapore trading session on Wednesday. The commodity price increased by 5.6% in two previous sessions and today traders cashed in profit on speculation that rains will help winter wheat to recover in Kansas, the biggest U.S. grower.

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