Corn, Soybeans Rise on Concern U.S. Crops Will Get Less Rain Than Expected

(Bloomberg) -- Corn rose from an eight-month low in
Chicago and soybeans rallied from the biggest two-day slide
since 2005 on speculation that rains will provide little help to
some parched U.S. crops.

Rains tonight may be less than previously forecast west of
the Mississippi River, increasing the risk to crops when hot,
dry weather returns next week, said meteorologist David Salmon
at Weather Derivatives Inc. in Benton, Missouri. Prices plunged
the previous two days as forecasts called for ample moisture.


Read more at Bloomberg Commodities News

Corn Falls as Biggest U.S. Plantings Since World War II to Boost Supplies

(Bloomberg) -- Corn in Chicago fell for the seventh
time in eight sessions after a report showed U.S. farmers, the
biggest producers, planted the most acres since 1944.

Farmers planted 92.888 million acres this year, 19 percent
more than last year, the Department of Agriculture said June 29.
The highest prices in a decade made corn as much as $200 an acre
more profitable than other crops. Prices have dropped 23 percent
since February as plantings rose.


Read more at Bloomberg Commodities News

Corn Heads for Biggest Weekly Drop in Two Years, Soybeans Fall After Rains

(Bloomberg) -- Corn fell to a two-week low in
Chicago, heading for the biggest weekly loss in two years, and
soybeans dropped as Midwest rains rejuvenate U.S. crops
stressed by dry weather.

As much as 2 inches (5 centimeters) of rain has fallen in
parts of the Midwest since yesterday, according to T-Storm
Weather. Fields from Minnesota to Ohio could receive triple the
normal rainfall over the next five days, the forecaster said.
Some areas east of the Mississippi River have gotten less than
half the normal rain in the past two months.


Read more at Bloomberg Commodities News

Corn, Soybeans Fall in Chicago on Speculation Rain to Boost Midwest Crops

(Bloomberg) -- Corn and soybeans fell in Chicago on
speculation that rains forecast in the next three days will
replenish soil moisture in the eastern Midwest after two months of
hot, dry weather threatened crops.

Some fields from South Dakota to Indiana may get as much as 2
inches (5.1 centimeters) of rain before hot weather returns on June
24, said John Dee, president of Global Weather Monitoring in
Mohawk, Michigan. A second storm may bring more rain by June 29,
improving conditions for corn pollination and soybean flowering,
Dee said.


Read more at Bloomberg Commodities News

Corn, Soybeans Tumble on Speculation Rains in U.S. Midwest to Boost Crops

(Bloomberg) -- Corn in Chicago tumbled 4.7 percent,
the most in 11 weeks, and soybeans declined on forecasts for
Midwest rain that may add moisture to the soil and improve
prospects for recently seeded crops.

Parts of Ohio, Indiana and southern Illinois will get as
much as 1 inch (2.5 centimeters) of rain in the next 24 hours,
and rainfall will be above normal in the next 10 days,
Meteorlogix LLC said. Weather models show rain will fall in
Indiana and Ohio on June 22, Cropcast Ag Services said.


Read more at Bloomberg Commodities News

Corn Futures Fall as Rains May Relieve Dry Conditions in Eastern Midwest

(Bloomberg) -- Corn futures fell in Chicago on
speculation that rains will boost prospects for crops threatened
by dry conditions in the eastern Midwest, including Illinois,
Indiana and Ohio.

As much as 1 inch of rain may fall through the weekend in
eastern Midwest fields that have received 25 percent of normal
rainfall the past month, said John Dee, president of Global
Weather Monitoring in Mohawk, Michigan. An additional half-inch
may fall over most of the Midwest early next week, Dee said.


Read more at Bloomberg Commodities News

Chicago Corn Futures Gain on Crop Weather Concerns; Soybeans, Wheat Up

(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

Corn Rises in Chicago After Report Shows Improved Demand For U.S. Exports

(Bloomberg) -- Corn futures in Chicago rose to the
highest in almost two weeks after a U.S. government report showed
increased overseas demand for the grain.

Export sales of U.S. corn rose to 1.514 million metric tons
in the week ended May 10, more than three times the previous
week, the U.S. Department of Agriculture said yesterday. Sales
for delivery before Aug. 31 are up 8.8 percent from a year
earlier. Cash corn prices in Illinois have jumped 7.5 percent
since April 1, topping the 5.1 percent rally in Chicago futures.


Read more at Bloomberg Commodities News