Wednesday, May 23, 2007

Corn, Soybeans Rise as Scant Rains May Threaten Crops East of Mississippi

(Bloomberg) -- Corn and soybean prices rose in
Chicago as dry weather in the eastern Midwest threatened crops
that have received less than 25 percent of normal moisture this
month.

Two storms in the next six days may bring as much as
1.5 inches (3.8 centimeters) of rain to parts of the Great
Plains and western Midwest, Joel Burgio of Meteorlogix LLC said.
East of the Mississippi, less than 0.5 inch is expected, drying
out soils from Illinois to Ohio, he said.


Read more at Bloomberg Commodities News

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