Thursday, May 3, 2007

Corn Futures Rise to One-Month High as Rains Delay Planting of U.S. Crop

(Bloomberg) -- Corn futures rose to a one-month high as wet weather in the U.S. Midwest causes more delays in planting the country's biggest crop, reducing yield potential.

As much as 1 inch (2.5 centimeters) of rain the next two days will slow planting from Kansas to Ohio, said Mike Tannura, a meteorologist for T-Storm Weather in Champaign, Illinois. Another storm will bring 1.5 inches to parts of Nebraska and South Dakota on May 6 before moving east, he said.


Read more at Bloomberg Commodities News

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