Corn Heads for Longest Run of Monthly Gains Since 2010
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Corn futures rose, heading for the longest run of monthly gains since 2010, as planting slowed in the U.S., the world’s largest exporter. Wheat jumped to the highest in more than a year, and soybeans advanced.
The government said yesterday that U.S. corn planting was 19 percent completed as of April 27, compared with the average of 28 percent in the previous five years and 21 percent forecast by analysts in a Bloomberg survey. Cold, wet weather this week may delay seeding, according to T-Storm Weather LLC in Chicago.