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MILAN (Reuters) - Searing heat in the U.S. Midwest is expected to see global food prices snap three months of declines in July, the UN said on Thursday, as some international grain prices surged to highs last seen during the 2007-08 food crisis. Concerns about extreme hot and dry weather hitting U.S. corn and soybeans ignited a grain rally in the second part of June and a series of crop quality downgrades by the U.S. Department of Agriculture has added fuel to the rally which brought Chicago corn futures to a 10-month high this week. ...
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