Monday, June 4, 2007

Corn Falls as Weekend Rain Boosts Early Growth Prospects for U.S. Crops

(Bloomberg) -- Corn fell in Chicago as weekend rains
in the Midwest eased concern that newly planted crops may be
damaged by dry soil in the U.S., the world's largest producer.

Most fields got at least 0.5 inch (1.3 centimeters) of rain
the past three days, with a few areas receiving as much as 2
inches, said John Dee, president of Global Weather Monitoring in
Mohawk, Michigan. The next chance for 1-inch rains is June 6,
with a second storm forecast beginning June 11, Dee said.


Read more at Bloomberg Commodities News

No comments: