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Corn rises as hot, dry weather damages Argentina, Brazil crops

Posted on 26 January 2009

From Bloomberg: Corn rose for the second time in three days on speculation that hot, dry weather will reduce production in Argentina and Brazil, the two biggest exporters of the crops after the U.S.

Argentina’s corn harvest may drop as much as 40 percent to 12.5 million metric tons compared with 20.85 million last year and less than the U.S. government’s forecast for 16.5 million, the Buenos Aires Cereals Exchange said today. Crops in central Brazil are starting to suffer from a dry spell that already harmed plants in the south, the Agriculture Ministry said today….. Full Article: Source


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