Dr. Jason Sawyer, assistant professor of beef cattle marketing and production with the Texas Agricultural Experiment Station, said Friday's close of corn futures contracts on the Chicago Board of Trade were higher with forecasts of hot weather in the major growing regions.
However, he said corn futures are likely to drop Monday morning after weekend rainfall covered many of those same growing regions.
"Weather is a big reason why corn prices are priced so high (right now)," he said. "There's risk factored in there."
- BLAIR FANNIN
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