Chicago Agriculture Commodities Finished Higher
$CORN, $WEAT, $SOY
Chicago Board of Trade (CBOT) agriculture commodities finished higher Tuesday, with Soybeans surging over 3%, back to above 9.00 bu.
The most active Corn contract for December delivery rose 5.25c, or 1.38 percent to settle at 3.865 bu.
September Wheat went up 7.25c, or 1.33% to close at 5.5375 bu.
November Soybeans were up 28 cents, or 3.14% to settle at 9.19 bu.
Deepening drought in Europe continued to push up wheat prices amid worry about falling crop yields.
CBOT Corn and Soybean futures are also finding support as forecasts indicate hot and dry weather in central US during the 1-H of August.
US Department of Agriculture (USDA)has reported that crop conditions declined in several Ley Corn Belt states; Illinois and Missouri.