Wheat Jumps to One-Month High as Feed Use of Grain Fueled by Rally in Corn

Sheaf of WheatWheat futures climbed to a one-month high on speculation that U.S. livestock producers will use more of the grain as an alternative feed ingredient, after the price of corn surged.

Corn futures rose to a five-week high today after the government said U.S. crop conditions deteriorated last week while hot weather this week threatens to erode yields.

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