Friday, July 27, 2007

Corn Futures Rise as Warmer, Drier Weather May Harm U.S. Midwest Crops

(Bloomberg) -- Corn rose for a fourth straight
session in Chicago as warmer, drier weather next week in the
U.S. Midwest threatens crops.

Rain that moved into Illinois today missed some of the
driest areas of Minnesota, Iowa, Michigan, North Dakota and South
Dakota, said Mike Tannura, a meteorologist for T-Storm Weather in
Champaign, Illinois. Warmer, drier weather is expected next week
as corn plants begin making starch and sugar for kernels, Tannura
said.


Read more at Bloomberg Commodities News

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