Friday, July 27, 2007

Wheat Falls From Record as High Prices May Slow Demand for U.S. Exports

(Bloomberg) -- Wheat fell from a record in Chicago
on speculation high prices will slow demand for supplies from
the U.S., the world's biggest exporter of the grain.

U.S. exporters reported sales rose to the highest in 11
years last week, and since June 1 they are up 66 percent from a
year earlier, government data show. Prices have jumped 30
percent in the past two months.


Read more at Bloomberg Commodities News

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