(Bloomberg) -- Corn futures in Chicago rose, erasing an earlier loss, on speculation seeds planted in wet Midwest soils may be damaged by heat and dryness in July.
U.S. planting was 53 percent complete as of May 6, up from 23 percent a week earlier, the biggest one-week advance since 1999. Root growth may be hampered by flooding in fields from Oklahoma to North Dakota and above-normal soil moisture east of the Mississippi River, reducing yields.
Read more at Bloomberg Commodities News
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