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Soybeans, Corn touch 7-week highs as dry weather stresses crops

Posted on 29 December 2008

From Bloomberg: Soybean and corn prices climbed to the highest in more than seven weeks on speculation that dry, hot weather will increase stress on young plants in Brazil and Argentina, the two biggest exporters of the crops after the U.S.

The lack of rain may last through the next week, DTN Meteorlogix LLC said in a report. A ridge of dry, warm air over western Argentina may develop after Jan. 1 and settle over the main growing regions, the private forecaster said….. Full Article: Source


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