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Copper Hits One-Week High

Weather reports indicate dryness in the U.S. central and southern plains, rains moving further south in the European Union, and dryness and warmth in Western Europe for the next two weeks, which Benson Quinn says raises some concerns for winter wheat crops in France and Germany.

Chinese grain-growing regions are expected to experience dryness as well.

Several food transporters and processors were trading in negative territory.

Archer Daniels Midland (ADM) was down 0.2% to $36.96 and MGP Ingredients (MGPI) was falling 0.1% to $8.88.

Food companies were trading in mixed territory.

General Mills (GIS) was flat at $36.33, McDonald's (MCD) was flat at $76.66 and Yum! Brands (YUM) was up 0.4% to $50.14.

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-- Written by Andrea Tse in New York.



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Copyright 2011 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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