CHICAGO (AP) Grains futures jumped Tuesday on the Chicago Board of Trade after the U.S. Agriculture Department said hot weather in several of the country’s biggest farm states was stressing crops. A smaller crop could drive up prices.
wheat for September delivery soared 41.5 cents to $7.18 a bushel; December Corn shot up 30 cents to $7.1575 a bushel; December oats rose 7 cents to $3.65 a bushel; while November Soybeans climbed 17.75 cents to $13.7975 a bushel.
Meanwhile, beef and Pork futures traded mixed on the Chicago Mercantile Exchange.
October live cattle rose 0.25 cent to $1.1805 a pound; September feeder cattle slid 2.12 cents to $1.3660 a pound; and October lean hogs shed 0.33 cent to 92.67 cents a pound.