This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Wheat Falls As Weather Outlook Improves

By The Associated Press

Wheat prices fell for the first day in five after the weather improved in growing regions of the Great Plains.

Brandon Marshall, an analyst at Northstar Commodity in Minneapolis, said the Plains states were getting more moisture, improving the outlook for the crops there.

Wheat for May delivery fell 18 cents, or 2.5 percent, to $7.025 a bushel. Wheat had fallen for four straight days before that.

May corn also fell, losing 5.25 cents to $7.0325 a bushel.

Soybeans were the outlier among agricultural commodities. The May contract rose 18.5 cents to $14.62 a bushel.

Prices for oil and key industrial metals fell Monday, as investors worried over U.S. spending cuts and a potential slowdown in China.

Palladium for June delivery fell $5.95 to $714.45 per ounce. April platinum fell $7.30 to $1,566.20 per ounce.

Benchmark oil for April delivery fell 56 cents to $90.12 a barrel in New York, a U-turn after two months of steep increases. The national average for a gallon of gas fell to $3.75 a gallon from $3.78 Friday. Brent crude, used to price many kinds of oil imported by U.S. refineries, fell 31 cents to $110.09 a barrel in London.

Prices for oil and industrial metals help reflect how investors feel about the economy. They're used in manufacturing, transportation and other activities that drive growth, so when their prices fall, it often means that investors expect the economy to slow down.

Investors had two main concerns Monday. The U.S. government is set to spend less money. Spending cuts of roughly $85 billion automatically kicked in on Friday after President Barack Obama and Congress failed to reach a compromise on some parts of the budget.

Also, the government of China, which has fueled the world economy even when other countries have stumbled, introduced new measures to try to rein in home prices.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs