Heat, drought spectre drives US maize, soy prices up amidst whet correction

07.07.2020

 U.S. corn and soybean futures rose on Monday as hot and dry weather expected in the nation’s Midwest added to uncertainties about harvest prospects following lower-than-expected government planting estimates last week.

Soybeans touched a four-month high at the Chicago Board of Trade, while corn traded near last week’s 3-1/2 month peak...