Rain mass flooding the fields in the United States

The CBoT Maisfutures already increased 7% this week and come to the biggest Wochenplus since may, 2013. The heavy rains in the main growing regions stir up fears of a weak harvest. In Iowa, Ohio, and Missouri, a storm had flooded the fields with up 180 litre rain. The extraordinary weather lasts too long and is anything but harmless, the Australian broker Tobin Gorey says this morning. It reminds itself of 1993 when one-third of the crop due to too much rain was lost.

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