Corn Futures Rise on Degraded US Crop Conditions
Corn futures for December delivery increased by 2.3% to $5.08 1/2 a bushel on the Chicago Board of Trade. The rise was attributed to a significant decrease in U.S. corn crops reported to be in good or excellent condition by the USDA. Soybeans for November delivery also rose 1.9% to $13.04 3/4 a bushel.