Midwest Deluge Drives Corn to Biggest Quarterly Gain Since 2010
- Cotton prices head for steepest quarterly slump since 2014
- Wheat, sugar, coffee, cocoa post rallies; orange juice slumps
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Corn futures headed for the biggest quarterly gain since the end of 2010 after the spring deluge in the U.S. Midwest left planting at the slowest since records dating back to 1980, eroding prospects for production.
Cotton went in the other direction. The fiber was poised for the steepest quarterly slump since the three months ended September 2014, partly as U.S.-China trade tensions capped demand.