Grains Plunge as Favorable Weather Reviving U.S., Europe Crops

Agricultural Jun 22, 2011 No Comments

Corn fieldCorn fell the maximum allowed by the Chicago Board of Trade, wheat plunged to an eight-month low and soybeans tumbled on signs that changing weather conditions may improve crop prospects in the U.S. and Europe.

Hot weather next week in the U.S., the world’s largest exporter of all three crops, may be shorter than forecast, aiding newly planted corn and soybeans, according to World Weather Inc. Rain is forecast in Ukraine and Russia, and moisture this month in Europe may limit wheat-crop damage caused by drought in France and Germany, Alfred C. Toepfer International GmbH, a grain trader, said in a report.

via Grains Plunge as Favorable Weather Reviving U.S., Europe Crops – Bloomberg.com.

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Rod Sherkin

Rod is a former senior executive, responsible for Purchasing, for both Pillsbury and Ball Packaging back in the 80’s and 90’s. Since then, he has continued to work in the Purchasing field as both a consultant and founder of the website Propurchaser.com.

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