Kansas Wheat News
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Wheat output in Kansas, the biggest U.S. grower of winter varieties, will fall 18 percent in 2013 after drought last year followed by an April freeze eroded grain prospects, surveys from a three-day annual crop tour showed.
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Following is the text of the weekly U.S. Drought Monitor as released by the National Drought Mitigation Center in Lincoln, Nebraska:
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Following is the text of the weekly U.S. Drought Monitor as released by the National Drought Mitigation Center in Lincoln, Nebraska:
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The coldest start ever to the wheat-growing season in Kansas and freezing weather across the southern Great Plains are compounding damage to U.S. crops already hurt by the worst drought since the 1930s.
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The Standard & Poor’s GSCI gauge of 24 commodities climbed 0.6 percent to 677.55 at 5:01 p.m. in London. The UBS Bloomberg CMCI index of 26 raw materials was up 0.2 percent to 1,623.714.
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The Standard & Poor’s GSCI Spot Index of 24 raw materials fell 0.7 percent to settle at 641.74 in New York, led by petroleum. The UBS Bloomberg CMCI index of 26 prices declined 0.7 percent to 1,532.074.
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Winter-wheat fields in Kansas, the biggest U.S. grower, are probably in better condition a month before the harvest than a year ago, according to an associate professor at Kansas State University.
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Wheat ratings in Kansas, the biggest U.S. producer of winter varieties, fell from a month earlier as the worst drought since the 1930s persists, cutting prospects for crops that are in dormancy for the winter.
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Wheat futures fell to the lowest since June as rain boosted prospects for the U.S. winter crop set to emerge from dormancy. Corn prices tumbled the most in five months.
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Keith Kisling normally has 1,500 head of cattle on his land near the Oklahoma-Kansas border. Last year’s U.S. drought changed all that. For the first time in four decades as a farmer and rancher, he has none.
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