Wheat gains on concern dry weather will harm crops

Published January 18, 2013 9:26pm ET



NEW YORK (AP) — Wheat prices advanced on concern that dry weather conditions in the plains region will harm this year’s crop. The grain recorded its biggest weekly advance since last year’s drought.

The price of wheat has been recovering this week following a sell-off that began in early December. This year’s crop in the U.S. may be hurt by a lack of rain in the Great Plains region and dry weather in Australia, where it is now summer, may also damage the harvest there.

Already a print subscriber? Click here to login/register your account

Trusted reporting.Unlimited access.

Subscribe for full access to Washington Examiner coverage, expert political analysis, and subscriber-only journalism.

Get Unlimited Access

Already a member? Log in

Cancel anytime.