Corn Prices Drop 4 Percent; Metals, Oil Rise
By The Associated Press
Corn prices are falling sharply, continuing a seesaw week.
Corn for December delivery dropped 18.75 cents, or 3.9 percent, to $4.65 a bushel Thursday.
The price has bounced around this week, as forecasts for dry weather in the Midwest counter predictions that this year's corn harvest will rebound after last year's drought.In trading of other agricultural products, soybeans and wheat also dropped more than 1 percent. Metals were higher. Copper for September delivery rose 2.3 cents to $3.33 a pound. Silver for the same month gained 7.2 cents to $23.04 an ounce. Gold for December rose 70 cents to $1,370.80 an ounce.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- 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 + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV