News Summary: Corn, beans hinge on rain forecast

Published July 27, 2012 8:04pm ET



Corn and soybean prices closed higher Friday after a bouncy week linked to changing weather patterns.

Corn and soybeans each rose 2.2 percent after forecasts indicated that rain may be scattered and light over regions filled with fields of withering crops. The prices changed course several times this week as predictions for rain shifted.

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