(Bloomberg) -- Soybean futures in Chicago rose
close to a three-year high, and corn gained to its highest in a
month amid speculation that drier weather over the weekend may
damage yields. Wheat futures climbed to a seven-month high.
Rainfall in the U.S. Midwest was less than expected on June
9 and yesterday, Kenji Kobayashi, an analyst at Kanetsu Asset
Management, said today. There was also concern that the
government's weekly crop-conditions report, due later today, may
show lower ratings for corn and soybeans, he said.
Read more at Bloomberg Commodities News
close to a three-year high, and corn gained to its highest in a
month amid speculation that drier weather over the weekend may
damage yields. Wheat futures climbed to a seven-month high.
Rainfall in the U.S. Midwest was less than expected on June
9 and yesterday, Kenji Kobayashi, an analyst at Kanetsu Asset
Management, said today. There was also concern that the
government's weekly crop-conditions report, due later today, may
show lower ratings for corn and soybeans, he said.
Read more at Bloomberg Commodities News
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