U.S. corn and soybean futures touched one-week highs on Thursday as traders worried about the risk of frost damage to this year’s late planted U.S. crops, analysts said.
According to a report at Reuters, traders were also covering short positions after recent declines and ahead of the upcoming three-day Labor Day weekend.
They remain nervous about the potential for unfavorable weather to hurt developing corn and soybeans, after historic rains and flooding stalled planting in the spring.
