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Wheat falls as more rain is forecast for Plains

By Steve Rothwell
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NEW YORK (AP) — Wheat prices are falling on expectations that wet weather in the Plains region will help farmers grow more of the grain this year.

The price of wheat for May delivery fell 22.25 cents, or 3.2 percent, to $6.8375 a bushel, dropping below $7 a bushel for the first time since June 22.

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