This Day On The Street
Continue to site right-arrow
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!

Corn Rises Before Report; Weak Dollar Lifts Metals

NEW YORK (AP) â¿¿ Corn prices climbed Tuesday, regaining some ground following a big slump, as traders get ready for another report on crop supplies.

Corn rose nearly 2 percent, gaining 10.75 cents to settle at $6.4425 per bushel.

Sterling Smith, a futures specialist at Citibank Institutional Client Group, said one reason corn traded higher was simply that it had dropped too far in recent weeks.

Prices for the grain have been in a deep slide since March 28. That's when the U.S. Department of Agriculture said stockpiles of corn were much higher than analysts had expected. "It gave the market quite a bit of a jolt," Smith said.

Corn has slumped 7 percent so far this month. It was trading above $7.35 before the government report came out.

Traders will get a new look at estimates for crop supplies Wednesday. The U.S. Department of Agriculture will release its monthly report on worldwide supply and demand for corn, soybeans and other crops.

In other trading, soybeans rose 1.3 percent, or 17.5 cents, to $13.955 per bushel. Wheat fell, dropping 3.75 cents to $7.0875 per bushel.

Precious metals prices were higher, helped by a drop in the dollar. Contracts for May silver jumped nearly 3 percent, rising 74.3 cents to settle at $27.881 per ounce.

Gold for June delivery rose $14.20 to $1,586.70 per ounce.

Industrial metals also rose, led by copper. Contracts for delivery of copper in May surged more than 2 percent, climbing 7.43 cents to $3.4415 per pound.

Platinum for July rose $16.10 to $1,553.10 per ounce.

Palladium for June rose $3.20 to settle at an even $733 per ounce.

In the market for oil and gas, benchmark crude oil for May delivery gained 84 cents to finish at $94.20 a barrel.

The Energy Department said in its monthly outlook that oil should average $94 a barrel in 2013. That's up $2 a barrel from the forecast issued a month ago.

1 of 2

Select the service that is right for you!

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!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • 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