Corn, Soybeans Rise on Concern U.S. Crops Will Get Less Rain Than Expected

(Bloomberg) -- Corn rose from an eight-month low in
Chicago and soybeans rallied from the biggest two-day slide
since 2005 on speculation that rains will provide little help to
some parched U.S. crops.

Rains tonight may be less than previously forecast west of
the Mississippi River, increasing the risk to crops when hot,
dry weather returns next week, said meteorologist David Salmon
at Weather Derivatives Inc. in Benton, Missouri. Prices plunged
the previous two days as forecasts called for ample moisture.


Read more at Bloomberg Commodities News