Weather
Corn Jumps as French Crops Damaged by Intense European Heat Wave
Key Points
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.