Friday, April 13, 2007

Corn Climbs as U.S. Rains Leave Fields Muddy, Slow Planting; Soybeans Rise

(Bloomberg) -- Corn prices rose more than 2 percent in Chicago after farmers faced delays in crop seeding because rain and snow made fields soggy in the central Great Plains. Soybeans also climbed.

As much as three times the normal amount of moisture fell in the past week in parts of Iowa and Illinois, the largest corn-producing states, National Weather Service data showed. Parts of the central Plains will get as much as 1.5 inches (3.8 centimeters) of rain in the next 24 hours, further delaying planting, forecaster Meteorlogix LLC said.


Read more at Bloomberg Commodities News

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