Monday, May 21, 2007

Soybeans Rise to 12-Week High; Dry Spell May Harm Newly Planted U.S. Crop

(Bloomberg) -- Soybean prices rose to a 12-week high
in Chicago on concern that dry weather in the eastern Midwest
will harm the second-biggest U.S. crop.

The dry conditions that have created moderate to extreme
drought from Alabama to North Carolina may move west in the next
month, increasing stress on newly planted crops in Ohio and
elsewhere that are already short of moisture, said Drew Lerner,
president of World Weather Inc. in Kansas City, Kansas.


Read more at Bloomberg Commodities News

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