20 Dec 2011Corn and soybeans rose to multi-week highs on Monday as South American weather threatened to cut yield potential.
Wheat also gained on spillover support from corn, as grains shrugged off pressure from weaker equities and the resurfacing of worries about the euro zone's debt crisis.
Fields in parts of Brazil, which is set to supplant the United States as the world's top soybean exporter next year, and in Argentina, the No. 3 shipper, need more rain, while rising temperatures forecast for this week could stress crops.
http://www.sharenet.co.za/news/Soy_corn_climb_on_dry_weather_concerns/7bb7c5c34db51dd069b08fc553bc3e90
