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
TheStreet Open House

Corn Regains Some Of Its Losses; Oil, Copper Rise

NEW YORK (AP) â¿¿ Key commodities prices were mixed Monday. Oil prices climbed, while precious metals slipped.

Traders are waiting for more information to decipher the state of the economy, including company earnings season, which started Monday, and the Federal Reserve's latest pronouncement on the economy, which will come Wednesday.

Gold for June delivery edged down, losing $3.40 to $1,572.50 per ounce. May silver was also down slightly, losing 8.2 cents to $27.138 per ounce.

Industrial metals rose. May copper rose 2.7 cents to $3.371 per pound. June palladium rose $5.90 to $729.80 per ounce. July platinum edged up $1.50 to $1,537 per ounce.

Most energy stocks were up.

Benchmark oil for May delivery rose 66 cents to $93.36 a barrel in New York. Brent crude, which sets the price of oil used by many U.S. refineries to make gasoline, rose 54 cents to $104.66 in London. Heating oil rose 4 cents to $2.95 per gallon. Wholesale wholesale gasoline rose 5 cents to $2.91 per gallon.

Natural gas was the outlier, falling 4 cents to $4.08 per 1,000 cubic feet.

Key agricultural commodities were up.

Corn rose 4.5 cents to $6.335 per bushel. It's still far below the $7.3525 price it hit a week and a half ago, just before the U.S. Department of Agriculture announced that corn inventories are higher than expected and that farmers intend to plant the most corn in almost 80 years. That increase in supply led many traders to push corn's price lower.

Wheat was up nearly 2 percent, rising 13.5 cents to $7.125 per bushel. Soybeans were up more than 1 percent, rising 16.25 cents to $13.78 per bushel.

Copyright 2011 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

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

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
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!
SYM TRADE IT LAST %CHG

Markets

DOW 17,976.31 +263.65 1.49%
S&P 500 2,086.24 +25.22 1.22%
NASDAQ 4,947.4410 +56.2220 1.15%

Partners Compare Online Brokers

Free Reports

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