Corn ends up; wheat, soybeans also rise |
|
|
|
Published
:
Wed, 28 Feb 2007 22:46
|
NEW YORK (AP) - Corn settled higher Wednesday on the Chicago Board of Trade, recouping most of its losses from the day before, with soybeans and wheat also gaining in the session.The corn market rose as the uncertainties of acreage and weather, coupled with bullish underlying fundamental outlooks, rekindled buying after Tuesday's 'flush out' of speculative longs, analysts said.March corn ended 14.25 cents higher at $4.2525 per bushel, May corn settled 11.25 cents higher at $4.3550, and December finished 10.50 cents higher at $4.20.May soybeans ended 8.75 cents higher at $7.8750 per bushel, and November soybeans closed up 7.75 cents at $8.2425. May wheat gained 4.50 cents to $4.88 per bushel.April gold settled down $14.70 at $672.50 a troy ounce on the New York Mercantile Exchange. May silver fell 45.5 cents to $14.235.April platinum settled up $3.10 at $1,256.40 an ounce, while June palladium closed steady at $356.60.The May copper contract settled down 7.30 cents at $2.7520 per pound.The front-month April light, sweet crude contract settled up 33 cents at $61.79 a barrel. Front month March gasoline settled up 3.15 cents at $1.8476 a gallon. Front month March heating oil settled up 0.11 cent at $1.7804 a gallon.April natural gas settled down 23.3 cents at $7.300 a million British thermal units.On the New York Board of Trade, March Arabica coffee futures settled up 0.40 cent at $1.1770 a pound, with May up 0.20 cent at $1.1850.May cocoa settled down $3 at $1,732 per metric ton.Futures on raw sugar in foreign ports for March settled down 0.14 cent at 11.31 cents a pound, with May down 0.24 cent at 10.56 cents.Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
|
|
|
|
|
|
Print this Story
Farmers planting more corn 