Corn, soybeans surge on weather concerns


Soybeans for November delivery, which prices the crop in the field now, rose 32 cents per bushel to $14.25 in morning trading on the Chicago Board of Trade on concerns that the dry weather in the heart of the soybean belt in Iowa and Illinois will hurt yields. Corn prices meanwhile jumped unexpectedly by 24…

Corn prices surge as sizzling heat stresses crops


By The Associated Press Corn prices are surging as sizzling heat is stressing crops in four of the nation’s top five producing states. Corn jumped 4.4 percent Tuesday to settle at $7.1575 a bushel. wheat and Soybean prices also rose. The U.S. Agriculture Department says about 62 percent of the corn crop was in good…

Data doubts fuel late surge in corn, wheat futures


Grain prices put in a late burst in Chicago, taking gains above 3%, amid growing doubts over the official data which showed the US corn crop failing to deteriorate last week despite further heat. Corn for December, the most-traded contract, soared 3.7% to $7.11 ½ a bushel in late deals in Chicago, where wheat for…

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