U.S. corn hits four-and-a-half year lows on Midwest rain forecast

seekingalpha07-09

Corn led sharp losses in U.S. agricultural commodities Monday, as Hurricane Beryl is expected to bring rains to the Midwest that potentially could aid crop yields. Rain coming from the storm traveling...

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Rain coming from the storm traveling...</p>\n\n<a href=\"https://seekingalpha.com/news/4122740-us-corn-hit-four-and-a-half-year-lows-on-midwest-rain-forecast\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MOO","symbol_name":"农业指数ETF-Market Vectors","start_time":0,"source_url":"https://seekingalpha.com/news/4122740-us-corn-hit-four-and-a-half-year-lows-on-midwest-rain-forecast","article_id":"2450034971","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1217832535/image_1217832535.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2450034971","pubTimestamp":1720475140,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Corn led sharp losses in U.S. agricultural commodities Monday, as Hurricane Beryl is expected to bring rains to the Midwest that potentially could aid crop yields. Rain coming from the storm traveling","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"MOO":"农业指数ETF-Market Vectors","MDWT":"Midwest","BK4162":"人寿与健康保险","DBA":"农业指数ETF-PowerShares DB"},"translate_title":"美国玉米因中西部降雨预报触及四年半低点","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DBA":1,"MDWT":1,"MOO":1},"content_text":"Corn led sharp losses in U.S. agricultural commodities Monday, as Hurricane Beryl is expected to bring rains to the Midwest that potentially could aid crop yields. Rain coming from the storm traveling up through Texas is forecast to bring moisture to the Corn Belt and mitigate the effects of stifling heat expected this week, which is seen as particularly favorable for corn. Analysts also said managed money funds were active sellers on the day as they added to already large net short positions. On the Chicago Board of Trade, corn (C_1:COM) for December delivery closed -3.9% to $4.07 1/2 per bushel, after slumping as much as 4.3% to its lowest level since November 2020. Also, CBOT wheat (W_1:COM) for September delivery ended -3.4% to $5.70 1/4 per bushel, and November soybeans (S_1:COM) settled -2.7% to $10.99 1/2 per bushel. 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