(Bloomberg) -- Corn futures may fall as rains in the U.S. Midwest are expected to aid newly planted crops after unusually warm, dry weather. Wheat may fall as dry weather aids ripening plants.
As much as 1 inch (2.5 centimeters) of rain in the Midwest in the past 36 hours will increase top-soil moisture after warm, dry weather depleted reserves for plant growth, according to Meteorlogix LLC in Woven, Massachusetts. About 22 percent of the U.S. corn crop was still not planted as of May 13, the U.S. Department of Agriculture said this week.
Read more at Bloomberg Commodities News
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