(Bloomberg) -- Corn futures on the Chicago Board of
Trade rose on speculation hot and dry weather this summer may
damage U.S. crop yields. Soybean and wheat futures also gained.
Farmers had planted about 92 percent of the corn crop as of
May 20, up from 78 percent a week earlier, the U.S. Department of
Agriculture said May 21. A year ago the figure was 91 percent and
the five-year average is 86 percent. From now, any unfavorable
weather development will damage yields.
Read more at Bloomberg Commodities News
Trade rose on speculation hot and dry weather this summer may
damage U.S. crop yields. Soybean and wheat futures also gained.
Farmers had planted about 92 percent of the corn crop as of
May 20, up from 78 percent a week earlier, the U.S. Department of
Agriculture said May 21. A year ago the figure was 91 percent and
the five-year average is 86 percent. From now, any unfavorable
weather development will damage yields.
Read more at Bloomberg Commodities News
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