Wednesday, June 13, 2007

Soybeans Fall in Chicago as Rains May Revive U.S. Crops Stunted By Dryness

(Bloomberg) -- Soybeans fell for a second session
after reaching a three-year high on June 11 as cool, wet weather
may improve crops in the eastern Midwest, where plants have been
stunted by dry conditions in the past month.

Temperatures will average below normal and rains will be
above normal in the period June 18 to June 22, the U.S. National
Weather Service said. About 70 percent of the crop was rated good
or excellent on June 10, compared with 71 percent last week and
67 percent a year earlier, the U.S. Department of Agriculture
said this week.


Read more at Bloomberg Commodities News

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