41. Wheat futures fell after a government report of improved crop conditions bolstered expectations that the harvest in June and July could exceed forecasts. 42. Prices had been down somewhat already as a result of a government report showing improvement in crop conditions. 43. A weekly Agriculture Department report released late Monday showed modest improvement in corn and soybean crop conditions and slight deterioration in the condition of the U.S. spring wheat crop. 44. A steeper-than-expected decline in crop conditions last week added to buying enthusiasm. 45. Better conditions are seen as not only improving winter-wheat crop conditions but benefiting spring wheat planting and crop emergence. 46. But a USDA crop progress report released late Tuesday showed deteriorating crop conditions in Illinois, the largest producing state, and Indiana. 47. But investors remained cautious ahead of a USDA report on winter wheap crop conditions. 48. By contrast, the outlook for rain in Brazil was seen as supporting prices because it could continue to damage crop conditions and delay harvest progress there. 49. Concerns about the weather were heightened by a U.S. Agriculture Department report late Monday that indicated crop conditions were deteriorating. 50. Corn futures also gained amid similar expectations of a slight decline in crop conditions. |