Tuesday, June 12, 2007

Corn, Soybeans Decline in Chicago on Crop Ratings; Wheat at 11-Year High

(Bloomberg) -- Corn and soybean futures in Chicago
fell after a government report showed U.S. crop ratings were
better than expected. Wheat rose to an 11-year high, extending
gains after the U.S. government cut its production estimate.

About 77 percent of the corn crop was rated good or
excellent on June 10, compared with 78 percent the previous week
and 70 percent a year earlier, the U.S. Department of
Agriculture said yesterday in a report. About 70 percent of the
soybean crop was rated good or excellent on June 10, compared
with 71 percent last week and 67 percent a year earlier.


Read more at Bloomberg Commodities News

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