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Corn regains strength as South America rain prospects wane Forexpros Corn futures regained strength on Monday, mlb jerseys rebounding from the previous session s one week low amid renewed concerns over crop conditions in South America after forecasts showed diminishing prospects of near term rain in Brazil and Argentina. On the Chicago Mercantile Exchange, corn futures for March delivery traded at USD6.5112 girls moncler coats a bushel during European morning trade, rallying 1.17%. Corn prices came under pressure on Friday, falling to the lowest level since December 30 after agricultural meteorologists called for rain in Argentina over the weekend. moncler jumpers men However, dry and hot weather conditions were expected to return to major corn growing regions in eastern Argentina and southern Brazil in the coming days, further threatening yields and reducing the quality of Moncler Down Jacket Grey BRANSON the harvest. The Argentine Association of Regional Consortia for Agricultural Experimentation, a farming group, said in a report over the weekend that the recent bout of hot, dry weather could cause more damage to crops than the 2008 09 drought, which was the worst in 70 years. The recent bout of dry weather in South America has been compounded by La Ni a phenomenon in which tropical waters in the Pacific Ocean turn unusually cold. The La Nina weather pattern typically brings heavier rainfall in Asia and drier weather in South America. Traders have been focusing on weather conditions and crop prospects in Southern Hemisphere countries in recent weeks, as most Northern Hemisphere grain crops have been harvested by now. Department of Agriculture Moncler jackets sale down bea Belt Collar black s World Supply and Demand Report for revised forecasts of South American crop production. Industry research group Informa Economics on Friday lowered its forecasts for 2011 women moncler jackets on sale 12 corn production in Argentina and Brazil, citing dry weather that has cut yield prospects. Elsewhere on the Chicago Mercantile Exchange, wheat for March delivery rallied 1.75% to trade at USD6.3550 a bushel, while soybeans Moncler k2 Multiple logo Women Vest Pink for March delivery rose 0.8% to trade at USD12.0675 a bushel. Forexpros Forexpros offers an extensive set of professional tools for the Forex, Commodities, Futures and the Stock Market including real time data streaming, a comprehensive economic moncler jackets cheap calendar, as moncler gerard well as financial news and technical fundamental analysis by in house experts

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