Monday, 18 June 2007

Soybeans Rise to Three-Year High on Dry Weather in Midwest; Corn Declines

(Bloomberg) -- Soybean futures rose to the highest
in three years as dry weather in the U.S. Midwest stresses
crops. Corn prices fell.

Less than a quarter inch of rain fell in Midwest growing
areas east of the Mississippi River during the weekend. Parts of
Illinois, the second-largest producer, and Indiana, the fourth-
biggest, received only about 10 percent of normal rainfall in
the past month, National Weather Service data show.


Read more at Bloomberg Commodities News

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