(Bloomberg) -- Corn rose to a three-month high in
Chicago and soybeans gained for the third time this week on
forecasts for dry, warm weather that will reduce soil moisture
and increase plant stress for the two biggest U.S. crops.
Rain totals the next two weeks will be less than half of
normal in the eastern Midwest, even as plants' demand for water
increases, said CropCast Agricultural Weather in Rockville,
Maryland. Drought conditions expanded for an eighth straight
week as of June 12, the National Drought Mitigation Center at
the University of Nebraska in Lincoln said.
Read more at Bloomberg Commodities News
Chicago and soybeans gained for the third time this week on
forecasts for dry, warm weather that will reduce soil moisture
and increase plant stress for the two biggest U.S. crops.
Rain totals the next two weeks will be less than half of
normal in the eastern Midwest, even as plants' demand for water
increases, said CropCast Agricultural Weather in Rockville,
Maryland. Drought conditions expanded for an eighth straight
week as of June 12, the National Drought Mitigation Center at
the University of Nebraska in Lincoln said.
Read more at Bloomberg Commodities News
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