WHEAT FUTURES LOWER IN OVERNIGHT TRADING; CORN GROWERS ACCELERATED PLANTING LAST WEEK.

Wheat fates declined in overnight exchanging after an administration report demonstrated the state of the winter wheat product was superior to anything what some may have anticipated.

Somewhere in the range of 51% of the harvest was in great or fantastic condition as of Sunday, and keeping in mind that that is down 2 rate focuses from the earlier week, it's still superior to anything most had anticipated considering harm from a snowstorm two weeks prior.

In Kansas, the greatest maker of wheat and the epicenter of the snowstorm, 44% earned top evaluations, as per the U.S. Bureau of Agriculture. In Oklahoma, 48% was appraised great or magnificent.

As much as 2 feet of snow fell in parts of western Kansas on April 29 and 30, covering a few fields and snapping stems in different fields. No official expression of how much harm was done has been displayed since the tempest.

Wheat for July conveyance fell 1¾¢ to $4.21½ a bushel overnight on the Chicago Board of Trade. Kansas fates declined 4¢ to $4.24½ a bushel.

Soybean fates for July conveyance rose ¼¢ to $9.65½ a bushel in Chicago. Soy dinner rose 20¢ to $312.70 a short ton, and soy oil prospects increased 0.04¢ to 33.06¢ a pound.

Corn fates fell 1¾¢ to $3.66 a bushel in overnight exchanging.


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