(Bloomberg) -- Soybeans in Chicago fell the most in
three months and corn dropped on speculation warm, wet weather
will improve early plant development in the U.S., the biggest
producer and exporter of both crops.
Some fields west of the Mississippi River and in parts of
Illinois will receive as much as twice the normal amount of rain
next week, while corn and soybeans to the east may get normal
rain, said David Salmon, a meteorologist for Weather Derivatives
in Belton, Missouri. More rain is expected to follow, with no
severe heat, he said.
Read more at Bloomberg Commodities News
three months and corn dropped on speculation warm, wet weather
will improve early plant development in the U.S., the biggest
producer and exporter of both crops.
Some fields west of the Mississippi River and in parts of
Illinois will receive as much as twice the normal amount of rain
next week, while corn and soybeans to the east may get normal
rain, said David Salmon, a meteorologist for Weather Derivatives
in Belton, Missouri. More rain is expected to follow, with no
severe heat, he said.
Read more at Bloomberg Commodities News
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