date:May 30, 2012
Chicago Board of Trade futures for July delivery fell 23 1/4 cents, or 3.4%, to $6.56 3/4 a bushel. Kansas City Board of Trade July wheat fell 22 cents to $6.78 a bushel.
Wheat prices have been volatile in the last several weeks. Futures declined in early May amid expectations for high yields in the U.S. harvest of winter wheat, which is now in its early stages, but soared later in the month as concerns mounted about dry weather in the Great Plains and other key world production regions, includ