Monday, May 7, 2007

Corn Futures Fall as Drier Weather in Eastern Midwest Accelerates Planting

(Bloomberg) -- Corn futures in Chicago fell from a six-week high on speculation dry weekend weather firmed muddy fields in the eastern Midwest, allowing farmers to accelerate planting of the biggest U.S. crop.

Dry weather prevailed from eastern Iowa to Ohio, allowing many farmers to compete planting after weeks of delays caused by heavy rains, said George De la Gardelle, a merchandiser for The Andersons Inc. in Dunkirk, Indiana. In the western Midwest, there is little rain in the picture into next week, he said.


Read more at Bloomberg Commodities News

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