Soybeans Rise Most in Nine Weeks on U.S. Weather Concerns

Soybean futures rose the most in nine weeks on concern that dry weather forecast into August will curtail yields in the U.S., the world’s biggest grower. Corn rose, while wheat fell.

Weekend rain was less than expected across parts of the Midwest, and drier weather in the next 10 days will expand crop stress to about 25 percent of the region, Commodity Weather Group LLC in Bethesda, Maryland, said in a report. Cool temperatures will help avert serious damage if precipitation expected late next week arrives, the company said.