(Bloomberg) -- Corn futures in Chicago jumped to a
one-month high and soybeans rose, extending a rally to three-year
highs, on speculation that dry weather will reduce crop yields in
the U.S. Midwest.
Unusually low humidity and high barometric pressure will
prevent significant rains from reaching dry fields east of the
Mississippi River, increasing stress on the two biggest U.S.
crops, said Mike Tannura, a meteorologist for T-Storm Weather in
Champaign, Illinois. Intense heat may develop after June 23,
damaging plants as they begin reproducing, he said.
Read more at Bloomberg Commodities News
one-month high and soybeans rose, extending a rally to three-year
highs, on speculation that dry weather will reduce crop yields in
the U.S. Midwest.
Unusually low humidity and high barometric pressure will
prevent significant rains from reaching dry fields east of the
Mississippi River, increasing stress on the two biggest U.S.
crops, said Mike Tannura, a meteorologist for T-Storm Weather in
Champaign, Illinois. Intense heat may develop after June 23,
damaging plants as they begin reproducing, he said.
Read more at Bloomberg Commodities News
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