Wednesday, June 20, 2007

Corn, Soybean Futures Rise as Dry Weather May Slow Growth of U.S. Crops

(Bloomberg) -- Corn and soybeans rose in Chicago
on forecasts that dry weather will move into Midwest growing
areas this weekend, stressing the two biggest U.S. crops.

Chances are 12 percent or less a weekend storm will bring
rain to parts of Iowa, the country's largest producer of corn
and soybeans, according to the National Weather Service.
Temperatures are expected to reach as high as 90 degrees
Fahrenheit (32 Celsius), stressing plants already suffering
from a lack of moisture. The normal high is about 84 degrees.


Read more at Bloomberg Commodities News

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