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Corn, Soybeans Rise, Cap Best Second-Half Rally in Five Decades

Corn and soybeans rose, capping their best second-half performances in at least five decades, as stockpiles tumbled and adverse weather threatened crops in South America.

U.S. corn inventories before next year’s harvest will decline to the lowest since 1996 and global consumption will outpace supplies for a second year in the season ending Aug. 31, U.S. Department of Agriculture data show. Warm, dry weather has threatened crops in Brazil and Argentina, the biggest shippers after the U.S.