The Associated Press

Wheat prices are climbing on worries that dry weather has damaged the winter crop while rains may delay spring planting in some areas.

Wheat settled up about 2 percent Thursday at $7.995 a bushel.

About 38 percent of the U.S. winter wheat crop is in poor to very poor condition after the dry winter. That compares with 6 percent a year ago.

Dry weather also has been reported in parts of Europe and China where winter wheat is grown.

Analysts say damage to the crops could tighten up global supplies.

Meanwhile, spring rains and flooding may delay U.S. planting for grains and beans.

Most commodities are higher, including gold, silver, oil and copper.

Copyright 2011 The Associated Press.

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