(Bloomberg) -- Corn futures fell in Chicago,
extending their decline to an eight-month low, and soybeans
dropped on speculation rains and a lack of severe heat will
promote development of the two biggest U.S. crops.
About half of the Midwest may get as much as 1 inch
(2.5 centimeters) of rain in the next 48 hours, Meteorlogix LLC
in Woburn, Massachusetts, said. A second storm is forecast to
bring up to an inch to 75 percent of corn and soybean-growing
regions. The outlook is cooler and wetter than on July 20.
Read more at Bloomberg Commodities News
extending their decline to an eight-month low, and soybeans
dropped on speculation rains and a lack of severe heat will
promote development of the two biggest U.S. crops.
About half of the Midwest may get as much as 1 inch
(2.5 centimeters) of rain in the next 48 hours, Meteorlogix LLC
in Woburn, Massachusetts, said. A second storm is forecast to
bring up to an inch to 75 percent of corn and soybean-growing
regions. The outlook is cooler and wetter than on July 20.
Read more at Bloomberg Commodities News
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