1. Corn and soybean prices plummeted as rain soaked newly planted crops across the Midwest, easing drought concerns that sent prices soaring earlier this month. 2. The drought concern comes on top of the usual seasonal ones. 3. Other forecasts Friday that confirmed rain is returning to the Midwest sometime next week cut into drought concerns. 4. Drought concerns involving the winter wheat crop provided support. 5. Government officials first disclosed their drought concerns earlier in the week, sparking a big rally in agricultural commodities. 6. Grain and soybean prices shot higher Monday on the Chicago Board of Trade amid drought concerns in the central United States and soybean harvest delays in Brazil. 7. Although several roads were impassable because of snow, the UN spokeswoman in Islamabad, Stephanie Bunker, said it was not enough to ease drought concerns. |