Chicago Agriculture Commodities Finished Higher
$CORN, $WEAT, $SOYB
Corn and Soybean firmed on concerns about a dry weather forecast in Key growing areas of the US Midwest.
The most active Corn contract for December delivery rose 1.75 cents, or 0.45%, to 3.8775 bu.
September Wheat delivery added 2 cents, or 0.42% to 4.7975 bu.
November Soybean went up 7.25 cents, or 0.72%, to 10.075 bu.
According to the National Weather Service (NWS), only isolated or scattered showers are expected this weekend in the northern Plains, and no severe storms are forecast.
Commodity Weather Group said in a report earlier this week that the chances of rainfall are below normal for the month of August, which likely will further hurt Spring crops.
On the week, Corn futures fell 0.9%, Soybean futures edged up 0.5%. CBOT soft red winter Wheat was down 2.5%, while spring Wheat was down 2.7%.
Have a terrific week.
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