Corn rises with fear of wet weather

Corn traded higher yesterday settling at $6.08 as worries related to wet weather in the Midwest states, began to hit the market. Worries that to much rain could damage the crop was not helpful in an environment that looks at the present state of supplies as being tight.

Other agricultural commodities also traded higher, with July soybeans trading at $13.52 and July wheat trading at $7.93 up 9 cents per contract.

Exotic or soft agricultural commodities closed mixed with cocoa, sugar and orange juice trading lower, while coffee traded much higher and cotton settling just above the opening price.