Wheat Gains on Overseas Demand

NEW YORK (AP) -

The price of wheat is rising by the most in two weeks after a U.S. government report showed strong demand for the grain from overseas buyers.

Wheat for delivery in July rose 14.75 cents, or 2.1 percent, to $7.0325 a bushel, its biggest advance since May 9.

The U.S. Department of Agriculture on Thursday reported orders for a total of 953,000 tons of wheat in its weekly export sales report. That was more than traders and analysts had expected, boosting the outlook for demand.