Drought and Heat Lift Corn and Soy Amid Crop Outlook Uncertainty
- Spring wheat futures tumble after seven-day price surge
- Corn, soy rise as a dry northern U.S. raises supply questions
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Corn in Chicago touched the highest price in more than two weeks as hot and dry fields in the northern U.S. dims harvest prospects for the growing crops.
Soybeans and both soft and hard red winter wheat also gained while spring wheat in Minneapolis snapped a seven-session rally after the futures neared the highest level since 2012.