Corn Rises to 4-Month High

Corn rose to the highest level in four months over concern that dry weather will hurt crops in Brazil, Bloomberg reported. The heat wave comes during the country's driest rainy season in decades, prompting researcher AgRural to reduce its soybean harvest estimate.

Corn for May delivery rose 0.4 percent to $4.5275 a bushel on the Chicago Board of Trade, the highest contract since Sept. 30. Soybeans for delivery the same month rose one percent to $13.3775 a bushel. U.S. markets were closed for the PResidents Day holiday yesterday.

Bloomberg's complete article is here: