Corn, Wheat Futures Rise Following Midwest Storms

Wheat and corn futures are rising, after storms in the Midwest over the weekend threatened both crops.

Wheat for December delivery rose 7.75 cents to $6.9475 a bushel Monday, and December corn rose 6 cents to $4.4925 a bushel.

Weekend storms delayed the corn harvest and also caused delays in planting winter wheat, said Todd Hultman, a grain analyst with DTN/The Progressive Farmer in Omaha, Neb.

Metals prices mostly rose, with December gold up $15.20 to $1,325.10 an ounce.