(Bloomberg) -- Chicago corn futures rose after falling yesterday by the most in a month after a government report showed U.S. farmers planted more acres than expected last week. Soybean and wheat futures also gained.
Dry weather helped farmers in the 18 top-producing states complete planting of 53 percent of the corn as of May 6, up from 23 percent a week earlier, the U.S. Department of Agriculture said May 7. Farmers planted 39 percent of the intended acreage in Iowa and 36 percent in Illinois, the two biggest producing states.
Read more at Bloomberg Commodities News
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