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Corn Jumps as French Crops Damaged by Intense European Heat Wave

Corn Jumps as French Crops Damaged by Intense European Heat Wave
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Commodities Corn Jumps as French Crops Damaged by Intense European Heat Wave Corn futures surged after a heat wave damaged crops in France, one of the European Union’s biggest producers of the grain. The most-active contract in Chicago advanced 1.9% on Monday after trading was closed at the end of last week due to a US holiday. FranceAgriMer reported on Friday that crop conditions have worsened, following preliminary government estimates that extreme weather may have damaged almost a third...

Commodities Corn Jumps as French Crops Damaged by Intense European Heat Wave Corn futures surged after a heat wave damaged crops in France, one of the European Union’s biggest producers of the grain. The most-active contract in Chicago advanced 1.9% on Monday after trading was closed at the end of last week due to a US holiday. FranceAgriMer reported on Friday that crop conditions have worsened, following preliminary government estimates that extreme weather may have damaged almost a third of French corn. Traders are also monitoring hotter US temperatures.
Corn Jumps (PERSON) French (ORG) Intense European Heat Wave Commodities (ORG) Intense European Heat Wave Corn (ORG) France (LOCATION) the European Union’s (ORG) Chicago (LOCATION) US (LOCATION)
Originally published by Bloomberg Markets Read original →