Tuesday, June 26, 2007

Soybean Futures Rise as Hot, Dry Weather May Damage Crops in U.S. Midwest

(Bloomberg) -- Soybeans rose for a second straight
day, rebounding from last week's 5.7 percent decline, on
speculation that hot, dry weather will damage U.S. crops west
of the Mississippi River.

Little rain and periods of above-normal temperatures are
expected the next three weeks from eastern Nebraska to
Minnesota, said Fred Gesser, senior global meteorologist for
Planalytics Inc. in Wayne, Pennsylvania. That's likely to
increase stress on crops that have received less than half the
normal rainfall this month, he said.


Read more at Bloomberg Commodities News

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