US MIDDAY: wheat gains weather conditions

11 May, 2005

Wheat futures at the Chicago Board of Trade climbed early on Tuesday as condition ratings for the US winter wheat crop waned, traders said. At 10:10 am CDT (1510 GMT), CBOT wheat was up 4-1/2 to 6-1/2 cents per bushel. May was up 6-1/2 at $3.12 per bushel. July was up 5-3/4 at $3.19-1/4. Goldenberg Hehmeyer bought 400 July, Refco bought 200 July and Rand bought 200 July, pit sources said.

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