(Bloomberg) -- Corn futures in Chicago jumped to a
three-week high and soybeans rose to the highest in 35 months on
speculation that dry weather will increase stress on young
plants in the Midwest and reduce yield potential.
Most Midwest fields east of the Mississippi River will
receive less than 50 percent of normal rain in the next five
days as a high pressure system in the southeastern U.S. blocks
storms, said Mike Tannura, a meteorologist for T-Storm Weather
in Champaign, Illinois. Hot weather beginning June 8 will
increase stress on young plants, he said.
Read more at Bloomberg Commodities News
three-week high and soybeans rose to the highest in 35 months on
speculation that dry weather will increase stress on young
plants in the Midwest and reduce yield potential.
Most Midwest fields east of the Mississippi River will
receive less than 50 percent of normal rain in the next five
days as a high pressure system in the southeastern U.S. blocks
storms, said Mike Tannura, a meteorologist for T-Storm Weather
in Champaign, Illinois. Hot weather beginning June 8 will
increase stress on young plants, he said.
Read more at Bloomberg Commodities News
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