(Bloomberg) -- Corn futures in Chicago jumped to a
three-week high on speculation that dry weather may reduce crop
yields in the U.S. Midwest.
Most Midwest fields east of the Mississippi River will
receive less than 50 percent of normal rain in the next five
days as a high pressure system in the southeastern U.S. blocks
storms, said Mike Tannura, a meteorologist for T-Storm Weather
in Champaign, Illinois. Hot weather beginning June 7 will
increase stress on young plants, he said.
Read more at Bloomberg Commodities News
three-week high on speculation that dry weather may reduce crop
yields in the U.S. Midwest.
Most Midwest fields east of the Mississippi River will
receive less than 50 percent of normal rain in the next five
days as a high pressure system in the southeastern U.S. blocks
storms, said Mike Tannura, a meteorologist for T-Storm Weather
in Champaign, Illinois. Hot weather beginning June 7 will
increase stress on young plants, he said.
Read more at Bloomberg Commodities News
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