1. An announcement by Tennessee state officials that karnal bunt fungus was detected in soft red winter wheat in eight counties also concerned traders. 2. Corn futures were mostly lower, partly on speculation that wheat tainted with the karnal bunt fungus could be used for livestock feed in competition with corn. 3. Feltes said wheat was also pressured by concerns over the karnal bunt fungus that was discovered in durum wheat seed in Arizona. 4. Karnal bunt fungus was discovered in the type of wheat used to make pizza crust and pasta. 5. The Agriculture Department confirmed that durum wheat seed contaminated with Karnal bunt fungus has spread to a fourth state - California. 6. The bunt fungus, though harmless, gives wheat an unpleasant odor. 7. Feltes said wheat was also pressured by concerns over the karnal bunt fungus which was discovered in durum wheat seed in Arizona. 8. Investors left the market amid worry about the spread of karnal bunt fungus in the United States, which could jeopardize exports. 9. The borders of the quarantine areas will be determined by the extent of the Karnal bunt fungus, Agriculture Secretary Dan Glickman said in a news release. |