Corn, Soybeans Drop as Dry Weather May Speed Up U.S. Harvest
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Corn prices fell for the second straight day and soybeans dropped on bets that favorable weather will speed up the harvests in the U.S., the world’s biggest producer and exporter of the crops.
Dry weather in the next 15 days will firm muddy soils for heavy farm machinery after rains slowed fieldwork, said Don Keeney, a senior agricultural meteorologist at MDA Information Systems Inc. About 27 percent of the corn crop and 17 percent of soybeans were harvested of Sept. 26, government data showed.