date:Jul 28, 2012
ans, investors added risk to prices, said Shawn McCambridge, senior grains analyst with Jefferies Bache in Chicago.
Corn and soybean futures, which surged to all-time highs last week amid the record-setting U.S. drought, had fallen under pressure this week as rain showers passed through parts of the Midwest. The showers suggested crops could recover some of their yield potential after weeks of blistering heat and a dearth of rainfall in much of the central U.S.
Soybeans were particularly hard