Friday, July 6, 2007

Soybeans Rise on Forecasts for Hotter Weather That May Damage Midwest Crop

(Bloomberg) -- Soybeans rose, heading for a second
straight weekly gain, on speculation that unusually hot, dry
weather may damage U.S. crops west of the Mississippi River.

Little rain is expected the next two weeks from western
Nebraska to Minnesota, with brief periods of above-normal
temperatures likely to increase stress on crops that received
less than 25 percent the normal rain in June, said Tim Bowden, a
meteorologist for Planalytics Inc. in Wayne, Pennsylvania.


Read more at Bloomberg Commodities News

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