Sunday, July 15, 2007

Corn, Soybean Futures Fall in Chicago on U.S. Forecast for Normal Rainfall

(Bloomberg) -- Corn and soybean futures fell in
Chicago on a forecast for normal rainfall in the U.S. Midwest
grain growing areas over the next six to 10 days.

Corn prices fell as much as 5.1 percent and traded down 4.3
percent at $3.53 a bushel at 10:45 a.m. Singapore time. Soybean
prices declined as much as 4.4 percent and traded down 3.2
percent at $9.1950 a bushel. The U.S. National Weather Service
predicted normal rainfall for the Midwest in its six to 10 day
forecast issued on Sunday.


Read more at Bloomberg Commodities News

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