Corn, Soybeans May Rise as Condition of U.S. Crops Decline; Wheat May Fall

(Bloomberg) -- Corn and soybeans may rise in Chicago
after a government report said warm, dry weather caused U.S.
crops to deteriorate for the fourth straight week. Wheat may fall
as harvesting speeds up, increasing supplies.

An estimated 58 percent of the corn crop was in good or
excellent condition as of July 29, down from 62 percent a week
earlier, the U.S. Department of Agriculture said yesterday. About
58 percent of soybeans got the top ratings as of July 29, down
from 61 percent a week earlier.


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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.


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Corn, Soybeans Fall as Wetter, Cooler Weather May Boost Crops in Midwest

(Bloomberg) -- Corn futures fell in Chicago,
extending their decline to an eight-month low, and soybeans
dropped on speculation rains and a lack of severe heat will
promote development of the two biggest U.S. crops.

About half of the Midwest may get as much as 1 inch
(2.5 centimeters) of rain in the next 48 hours, Meteorlogix LLC
in Woburn, Massachusetts, said. A second storm is forecast to
bring up to an inch to 75 percent of corn and soybean-growing
regions. The outlook is cooler and wetter than on July 20.


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Corn, Soybeans May Fall in Chicago on Wet-Weather Forecast; Wheat May Drop

(Bloomberg) -- Corn may decline and soybeans may
fall from a three-year high on speculation rains will revive U.S.
crops harmed by a prolonged dry spell. Wheat in Chicago also may
decline.

Some fields from Minnesota to Ohio may get as much as
3 inches (7.6 centimeters) of rain in the next five days, while
the driest parts of Nebraska, South Dakota and Iowa may receive
up to 1 inch beginning on July 18, said John Dee, president of
Global Weather Monitoring in Mohawk, Michigan.


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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.


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Corn Falls to Eight-Month Low, Soybeans Drop as Midwest Rains Aid Crops

(Bloomberg) -- Corn fell to the lowest in eight
months in Chicago and soybeans dropped from a three-year high as
rain improved conditions for the two biggest U.S. crops.

Some fields from Iowa to Ohio may receive as much as 1 inch
(2.5 centimeters) of rain in the next 72 hours, boosting soil
moisture and cooling temperatures, said John Dee, president of
Global Weather Monitoring in Mohawk, Michigan. A second storm
front may move into the Midwest beginning July 9, bringing
heavier and more widespread rains, Dee said.


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Corrected: Monsanto quarterly profit jumps

(Reuters) - Monsanto reported fiscal third-quarter profit of $1.03 a share on an as-reported basis, compared with 60 cents a share a year earlier. Analysts on average were looking for $1 a share, according to Reuters Knowledge.




St. Louis-based Monsanto has been benefiting from increased farmer interest in planting corn this spring. Corn demand has surged amid a rally in corn prices and strong demand from the ethanol, food and livestock feed sectors.


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Monsanto quarterly profit jumps

(Reuters) - St. Louis-based Monsanto has been benefiting from increased farmer interest in planting corn this spring. Corn demand has surged amid a rally in corn prices and strong demand from the ethanol, food and livestock feed sectors.




Read more at Reuters.com Business News

Corn Declines on Speculation Midwest Rains to Boost U.S. Crop Production

(Bloomberg) -- Corn fell to the lowest in more than
two weeks in Chicago on speculation that Midwest rains in the
past week revived plants and will boost production.

As much as 2 inches (5.1 centimeters) of rain fell in parts
of Iowa and Illinois in the past three days with most areas from
South Dakota to Indiana getting at least 0.5 inch, the National
Weather Service said. An additional inch may fall from Missouri
to Ohio in the next five days, the government forecaster said.
Corn, the biggest U.S. crop, tumbled 8.9 percent last week.


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