date:Jul 11, 2012
th timely rains, said Jack Scoville, vice president of Price Futures Group in Chicago.
However, prolonged stress from dryness will start to produce some irreversible yield losses as the calendar moves closer to August, Mr. Scoville added.
Separately, wheat futures ended lower, dragged down by weakness in corn and pre crop report positioning.
CBOT July corn dropped 14 1/4 cents, or 1.8%, to $7.61 a bushel, and December corn ended down 12 1/2 cents, or 1.7%, to $7.17 1/2.
CBOT July soybeans closed