date:Jul 28, 2012
Disappointing rainfall in the Midwest this week along with forecasts for hotter weather next week boosted both front-month corn and soybean futures by about 2% Friday.
Chicago Board of Trade corn for September delivery closed up 17 1/4 cents, or 2.2%, at $7.98 1/2 a bushel, and August soybean futures settled up 28 1/2 cents, or 1.7%, at $16.84 1/4.
A lot of uncertainty still surrounds U.S. crops, and with weather forecasts not providing any significant relief for drought-stressed corn and soybe