Thursday, July 19, 2007

Corn, Soybeans Fall as Rains May Boost Prospects for Crops in U.S. Midwest

(Bloomberg) -- Corn and soybean prices in Chicago
declined for the third day this week after rains fell from
Nebraska to Ohio, easing the threat of damage to U.S. crops
after a two-month dry spell.

The biggest storm of the summer dropped as much as 3
inches of rain (8 centimeters) overnight in some locations,
improving corn and soybean crops before drier conditions and
above-normal temperatures develop next week, said Mike Tannura,
a meteorologist for T-Storm Weather in Champaign, Illinois.


Read more at Bloomberg Commodities News

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