The U.S. Corn Belt has experienced much more forgiving weather this month after an unusually dry June crashed both corn crop conditions and yield ideas.
Chicago-traded corn futures have held up relatively well considering the flip to wetter weather in the U.S. Corn Belt and the revelation that U.S. farmers have planted much more corn than expected.
The U.S. corn crop was seemingly fast-tracking to disaster last month amid historically dry weather, but July has so far featured a wetter and cooler pattern for many top-producing states, aiding in recovery.
An Indian court rejected PepsiCo Inc's appeal against an order that revoked a patent for a potato variety grown exclusively for the New York-based company's popular Lay's potato chips.