From the NASDAQ website:
Corn prices surged on U.S. trading and pared some of its recent losses. The grain climbed amid concerns a drought in South America could cause damage to supplies.
March corn futures rose to $3.91 per bushel, up 25.6 cents on the session. Despite the rally, corn lost almost 5% for the week. On a long-term basis, the grain has lost more than 50% of its record high of $7.9925 reached on June 27.
Soybeans for March delivery also surged...
