Crop futures down sharply as favourable weather blankets Midwest, Prairies

By D’Arce McMillan, Reuters News Agency, The Western Producer, July 5, 2016 

Crop markets were hammered lower on Tuesday as crops continue to enjoy mostly favourable weather.

New crop November soybeans fell 5.3 percent, while November canola dropped 2.13 percent, with the worst effects of the U.S. market decline offset by the falling loonie.

The loonie was down US0.63 cent.

Chicago corn was down about 2.5 percent on the good Midwest weather.

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