Sunday, 22 May 2011
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Corn, Soybeans Rise as Midwest Rain Extends Planting Delays; Wheat Drops
Corn futures rose, capping the biggest weekly gain since October, on bets that U.S. planting delays will persist because of more rain next week in the Midwest. Soybeans climbed, and wheat dropped. Storms may bring 1.5 inches (3.8 centimeters) of rain to Ohio by May 24, said David Streit, a senior meteorologist at Commodity Weather Group. The pace of Ohio corn planting trails all states. About 63
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