(Bloomberg) -- Soybean futures in Chicago extended
a rally to a 35-month high on speculation dry weather from
Mississippi to Virginia will threaten U.S. crops as they begin
to reproduce in the next month.
Rains will stay north of a line from Kansas City to
Cincinnati for the next 10 days, depleting soil moisture after
fields received less than 25 percent of normal rain in May, said
David Streit, a forecaster for CropCast Services Inc. in
Rockville, Maryland. Warmer, drier weather will probably stay in
the region until August and may move into the Midwest, he said.
Read more at Bloomberg Commodities News
a rally to a 35-month high on speculation dry weather from
Mississippi to Virginia will threaten U.S. crops as they begin
to reproduce in the next month.
Rains will stay north of a line from Kansas City to
Cincinnati for the next 10 days, depleting soil moisture after
fields received less than 25 percent of normal rain in May, said
David Streit, a forecaster for CropCast Services Inc. in
Rockville, Maryland. Warmer, drier weather will probably stay in
the region until August and may move into the Midwest, he said.
Read more at Bloomberg Commodities News
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