U.S. drought wilts crops as officials pray for rain
Reuters: Oppressive heat and a worsening drought in the Midwest pushed grain prices near or past records on Wednesday as crops wilted, cities baked and concerns grew about food and fuel price inflation in the world’s top food exporter.
Soybean prices at the Chicago Board of Trade set a record high and corn closed near a record as millions of acres of crops seared in triple-digit heat in the Corn Belt. Corn fields have been plowed up in many locations for lack of rain. Now soybeans, which develop later…
Comments Off on U.S. drought wilts crops as officials pray for rain