By SIMON CONSTABLE
Red hot dry heat in the western part of the upper Midwest is threatening the corn crop and could spark a big rally.
“The extreme drought in North and South Dakota (and currently spreading into Canada) may begin to hit the western corn belt,” says a report from Best Weather, a meteorological forecaster and advisor in Sarasota Fla. Adds Matthew Davey, a commodity analyst and meteorologist for the firm: “All the models are showing warm dry air sticking around.”
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