Tuesday, July 31, 2007

Corn Futures Rise After Warm, Dry Weather Damages Crops in U.S. Midwest

(Bloomberg) -- Corn rose for the sixth straight
session in Chicago after U.S. crops deteriorated for a fourth
week because of unusually dry weather.

An estimated 58 percent of the corn crop was in good or
excellent condition as of July 29, down from 73 percent a month
earlier, the U.S. Department of Agriculture said yesterday. About
25 percent of the crop was starting to fill kernels with starches
and sugars, better than the five-year average of 20 percent.


Read more at Bloomberg Commodities News

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