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Commodities Briefing - Categorized | Agriculture, Market Moves more

Corn, soy jump most in more than year as heat hurts crops

Posted on 27 August 2013

Corn jumped the most in 14 months and soybean futures rallied the most since 2011 as hot, dry Midwest weather threatens to erode crop yields in the U.S., the world’s biggest grower. Wheat also advanced.
Temperatures will average as much as 14 degrees Fahrenheit above normal during the next 10 days, with little rain expected in the Midwest, T-Storm Weather LLC said in a note to clients today. July and August will be the driest since 1936 in Iowa, Illinois and Indiana………………………………………..Full Article: Source


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