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Wheat Set for Longest Slump in 15 Years as Rain Aids U.S. Crops

Wheat dropped for a ninth day, heading for the longest run of declines since September 1998, on speculation that rain may aid U.S. crops, bolstering global supplies. Corn fell for a fourth day to a seven-week low.

Wheat for July delivery lost as much as 1.3 percent to $6.655 a bushel on the Chicago Board of Trade, the lowest since April 11.