Summary Box: Wheat prices up as questions grow about Russia’s fall planting season

By AP
Monday, August 23, 2010

Summary Box: Wheat up as Russian drought lingers

GAIN IN GRAINS: Wheat prices advanced Monday amid questions about whether a crop can be planted in Russia this fall. A drought destroyed about a third of Russia’s wheat crop and significant rainfall is needed to help farmers.

EXPORTS AHEAD: Other countries are looking to the U.S. to buy wheat. Although there isn’t a worldwide shortage, it’s a matter of getting wheat to areas where it’s needed.

MIXED METALS: Metals prices were mixed ahead of this week’s economic reports, which should provide more insight into the pace of the recovery.

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