Thursday, July 12, 2007

Corn Rises to One-Week High as Hotter Weather Threatens Biggest U.S. Crop

(Bloomberg) -- Corn in Chicago rose to the highest
in more than a week on forecasts for expanding drought
conditions that may harm the biggest U.S. crop while plants are
reproducing.

Crops west of the Mississippi River may face increased
stress as the hottest, driest weather since at least 1995 starts
July 18 and extends into August, said Fred Gesser, senior global
meteorologist for Planalytics Inc. in Wayne, Pennsylvania.
Temperatures may reach 102 degrees Fahrenheit (39 Celsius)
beginning July 22, Gesser said.


Read more at Bloomberg Commodities News

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