News Summary: Wheat rises on more hot weather

Published June 27, 2012 8:19pm ET



WEATHER TROUBLE: Hot, dry weather in the U.S. and Russia is still threatening wheat crops. Wheat closed up 42.5 cents to settle at $7.5125 per bushel, the highest price since September.

CROP CONCERNS: Blistering heat is causing the quality of crops to deteriorate in the Midwest and parts of Russia and Kazakhstan.

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