Crop Traders Extend Bullish Streak on U.S. Drought

Crop Traders Extend Bullish Streak on U.S. Drought

Tim Boyle/Bloomberg

Soybeans advanced 37 percent to $16.5325 a bushel on the Chicago Board of Trade this year and reached a record $16.7375 yesterday. Corn rose 22 percent to $7.86 a bushel, touching $7.99 yesterday, less than 0.1 percent below its all-time high.