8 days ago • Posted by William Ramstein

Hot and dry weather scorches North American fields

Most-active futures for the crop rose an eighth day in Minneapolis, the longest winning streak in three years and nearing their highest since 2012. In Chicago, soft red winter-wheat touched a two-month high. Corn and soybeans gained. The weather continues to present a grim picture for North America, especially for spring wheat farmers. Little reprieve is expected for the U.S. growing region, and “significant dryness and stress” will persist for much of the Canadian prairies. Source: Yahoo/Bloomberg