US corn belt bakes, wheat heats up in Europe

Posted by Wall Street Journal: Michael Haddon And Neena Rai on July 6th, 2012
Wall Street Journal: A change in the weather is enough to recreate the world, wrote Marcel Proust. Global grain markets are being transformed by extreme heat and dryness in a key U.S. growing region. Fields in the Midwest are baking under relentless sunshine, raising concern over crops in the country's corn belt. Led by corn, grain prices have soared. In July, the bulk of the corn crop will pollinate, a critical phase of growth that leaves the plants highly sensitive to heat. If the weather worsens this month,......

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