Corn and soybean futures climbed to their highest in almost a week as hot, dry weather plagues key growing regions in the Northern Hemisphere.
Stretches of the central US were blanketed in heat advisories or warnings Monday, with the latest government outlook pointing to warmer-than-usual temperatures through the end of the month. Similar conditions are gripping swaths of Europe.
The heat waves threaten crop production, particularly for corn fields that are entering their vital pollination period. French corn conditions have worsened, and the US Department of Agriculture released crop conditions Monday after the close showing soybeans ratings slipping to 61% with corn unchanged at 64%. Spring wheat conditions improved compared to last week.
