Corn Futures Fall to Six-Week Low as Rains Improve Prospects for U.S. Crop

(Bloomberg) -- Corn fell to a six-week low in
Chicago on speculation that rains will revive Midwest crops
threatened by hot, dry weather earlier this month.

As much as twice the normal amount of rain may fall from
Kansas to Ohio in the next five days, increasing soil moisture in
fields that had been depleted by six weeks of heat and dryness,
said Mike Tannura, a meteorologist for T-Storm Weather in
Champaign, Illinois. Cool weather this weekend also will benefit
crops next month.


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