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Corn rallies on weather threat
date:Jul 03, 2012
coming crop as well. Crops in the eastern and southern Midwest are under stress from heat and dryness, analysts said. The soybean market also drew support from a large, one million ton sale of U.S. soybeans to unknown destinations for delivery in the 2012-13 marketing year that begins Sept. 1.
Wheat futures followed the lead of corn, adding strength with the possibility of dry weather conditions threatening crops in the Black Sea area, northern China and Australia.
CBOT July soybeans rose 19 1/2

12/22 02:48