BLBG: Wheat Declines for First Time in Three Days as Dollar Rebounds
By Jae Hur
Feb. 3 (Bloomberg) -- Wheat fell for the first time in three days on speculation the dollar’s rally may erode demand for U.S. supplies to overseas importers.
Wheat for March delivery declined as much as 0.3 percent to $4.8575 a bushel on the Chicago Board of Trade, and traded at $4.8675 at 11:55 a.m. Tokyo time. The contract jumped 2.6 percent yesterday, the biggest gain since Jan. 4.
To contact the reporter on this story: Jae Hur in Tokyo at jhur1@bloomberg.net
