Corn and Soybean Futures Turn Higher; Metals Mixed
Corn and soybean futures ended higher Wednesday, reversing course after several weeks of losses. Metals and energy contracts are finishing mixed.
Corn for December delivery, the most actively traded contract, rose 5 cents, or 1.3 percent, to $3.87 a bushel.
The price of corn is still down sharply from its recent high of $5.22 a bushel on April 29, as traders expect a large U.S. crop this year thanks to favorable growing conditions.
Traders also expect a big crop for soybeans. Those bounced back 16 cents, or 1.4 percent, to $11.02 a bushel. Soybeans reached a recent high of $15.17 a bushel on May 22.
Wheat for September delivery edged up a quarter of a penny to $5.38 a bushel.
Metals closed mixed. August gold edged up $2.70 to $1,299.80 an ounce, while September silver fell 11 cents to $20.78 an ounce.
Platinum for October delivery added 70 cents to $1,485.70 an ounce, and palladium for September delivery rose $8.20 to $876.75 an ounce.
This article appeared in print in edition of Hamodia.
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