Corn futures headed for the longest
slump in 32 years on speculation that beneficial weather will
boost crops in Argentina, the world’s second-biggest exporter,
and Brazil.
As much as 0.75 inch (1.9 centimeters) of rain fell in
Argentina overnight, and an additional 1.75 inches are expected
starting Feb. 17, easing stress from dry conditions this year,
Commodity Weather Group LLC in Bethesda, Maryland, said in a
report. Precipitation will boost crops in southern Brazil in the
next two weeks,
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