Soybean Futures Rise as U.S. Crop Condition Deteriorates for Fourth Week

(Bloomberg) -- Soybean prices rose in Chicago to the
highest in six sessions after a government report said warm, dry
weather caused U.S. crops to deteriorate for the fourth
consecutive week.

An estimated 58 percent of the soybean crop was in good or
excellent condition as of July 29, down from 68 percent at the
end of June, the U.S. Department of Agriculture said yesterday.
About 51 percent of the crop was beginning to set pods, up from
30 percent a week earlier and the five-year average of
41 percent.


Read more at Bloomberg Commodities News