Agriculture: Corn heads to biggest gain in 2 years

Corn headed for the biggest gain in almost two years and soybeans jumped to a five-week high on speculation that unusually hot, dry weather will reduce yields in the United States, the world's biggest producer of both crops.

Dry weather during the next 10 days and intensifying heat will increase plant stress in the U.S., where 57 percent of projected production areas have been drier than usual in the past 30 days compared with about 10 percent a year earlier, T-storm Weather LLC said in a report.

June is expected to be the driest since 1988. Corn is beginning to reproduce, the most critical time for moisture.

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