Corn, Soybeans Decline as Favorable Weather May Boost U.S. Crops
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Corn fell the most in six weeks and soybeans declined on bets that favorable weather will boost yields in the U.S., the world’s biggest grower and exporter.
National Weather Service computer models showed a shorter period of hot weather next week, and less heat will boost Midwest crop development, World Weather Inc. said. Increased soil-moisture reserves from rain this week and showers in the next two weeks will maintain favorable growing conditions, the forecaster said.