Lack of rainfall in the US Midwest has pushed corn futures to a 10-month high, even though some rain is forecast for this week. Hot weather is expected to continue, ... Read Full Story »
The US Department of Agriculture released its weekly drought monitor today, noting that rainfall in some parts of the US last week did almost nothing to alleviate the hardest-hit areas: ... Read Full Story »
It’s raining in Chicago today, and traders at the CBOT are behaving like it’s raining everywhere that corn is growing.From a high of well over $6.50/bushel on Wednesday, corn prices ... Read Full Story »
Analysts at Dutch-based Rabobank have predicted that US corn prices could rise another 25% by the end of the year on lower yields due to hot, dry weather. That would ... Read Full Story »