Soybean futures rose the most in nine weeks on concern that dry weather forecast into August will curtail yields in the U.S., the world’s biggest grower. Corn rose, while wheat fell.
Soybeans dropped for a second day in Chicago, heading for a third monthly loss, on speculation that rain forecast for the U.S. Midwest will help improve yields after concern about recent dryness bolstered prices.
Meanwhile, there is a 5 percent probability wheat yields will slow because of human-caused climate change, according to a study published in Environmental Research Letters.
