Prices Fall for Metals, Oil as Crop Prices Recover

NEW YORK (AP) -

Prices for metals and oil dropped Tuesday, while key crops recovered some of their losses from the previous day.

The biggest moves were in palladium, which lost more than 2 percent, and platinum, which lost nearly 2 percent. Both can trade as industrial metals, meaning they generally rise when investors feel hopeful about the economy. Their decline was a schism from the U.S. stock market, where the Dow Jones Industrial Average closed above 15,000 for the first time.

Palladium for June delivery fell $16.50 to $680.60 per ounce. July platinum lost $26.50 to $1,481.20 per ounce.

June gold was down more than 1 percent, losing $19.20 to $1,448.80 per ounce. July silver lost 14.9 cents to $23.806 per ounce. July copper slipped 0.8 cents to $3.3025 per pound.

Benchmark oil for June delivery fell 54 cents to finish at $95.62 per barrel in New York. Brent crude, which is the benchmark for international oil varieties, fell $1.06 to $104.40 per barrel in London.

Prices for key crops rose slightly, after falling Monday. Wheat was up 6.25 cents, about 1 percent, to $7.09 per bushel. Soybeans were also up about 1 percent, rising 13 cents to $13.8225. Corn edged up 3.5 cents to $6.40 a bushel. All are still down for the week, including a 9 percent decline in corn.