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Drought Punishes Kansas Wheat Crop

04/24/2014 @ 8:51am

Drought in Kansas intensified in the week through April 22, according to the U.S. Drought Monitor, threatening winter wheat plants in the state, the biggest U.S. producer of the grain. About 20% of the state is in an extreme drought, meaning major crop loss is occurring, and water shortages or restrictions are widespread. The worst of the drought is in the western third of the state, according to the USDM. Wheat futures on Thursday have gained 9 1/4 cents, or 1.4%, to $6.85 3/4 a bushel on the Chicago Board of Trade. (tony.dreibus@wsj.com)

(END) Dow Jones Newswires

April 24, 2014 09:23 ET (13:23 GMT)

DJ Intensifying Kansas Drought Threatens Wheat Crop -- Market Talk->copyright

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