Corn, Soybeans Decline as Favorable Weather May Boost U.S. Crops
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Corn fell to a one-month low and soybeans declined on bets that favorable weather will boost yields in the U.S., the world’s biggest grower and exporter.
About 69 percent of the corn crop was in good or excellent condition on June 12, up from 67 percent a week earlier, the U.S. Department of Agriculture said yesterday. An estimated 87 percent of soybeans were planted, compared with the average of 89 percent in the previous five years.