Soybeans Futures Rise as Hot, Dry Weather Threatens Crops in U.S. Midwest

(Bloomberg) --Soybeans rose in Chicago, extending
a rally to a three-year high, on speculation hot, dry weather
will expand drought conditions in the U.S. Midwest, damaging
flowering crops.

There's no widespread rain in the forecast for the central
U.S. for the next 10 days, according to John Dee, president of
Global Crop Monitoring in Mohawk, Michigan. Starting July 16,
high temperatures will approach 100 degrees Fahrenheit (38
Celsius), Dee said.


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