December corn futures rose to the highest price since late June and soybeans and wheat also rose amid concern over dry weather. Why did corn prices surge? Several bullish factors are at play, says Joe Vaclavik, president of Standard Grain. Those include: 1. Lower crop condition ratings. As of Aug. 21, USDA estimates 55% of the U.S. corn crop is in good-to-excellent condition. That’s down two percentage points from last week and five percent...
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