This Day On The Street
Continue to site
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

Wheat Advances For Fourth Straight Day

By The Associated Press

Wheat is rising for a fourth day, climbing to its highest level in more than two months, on lingering concern that Argentina's crop will be impacted by unfavorable weather.

The price of wheat for December delivery advanced 7.75 cents, or 1.2 percent, to $6.78, the highest price since July 12.

"We are seeing some continued issues of dryness in Argentina," said Sterling Smith, a commodities analyst at Citigroup. "If the dryness persists, we may be starting a degree of a sustainable wheat rally."

In other trading of agricultural products. Corn also rose, while soybeans edged lower.

December corn rose 20 cents, or 0.4 percent, to $4.57 a bushel. November soybeans fell 5 cents, or 0.4 percent, to $13.17.

Most metals fell.

Gold for December fell $12.10, or 0.9 percent, to $1,324.10 an ounce. Silver for the same month dropped 12 cents, or 0.5 percent, to $21.77 an ounce. Platinum for October dropped $18.10, or 1.3 percent, to $1,410.70. Palladium for the same month fell $2.25, or 0.3 percent, to $723.45 an ounce.

Copper bucked the trend and advanced. Copper for December gained 3.5 cents, or 1.1 percent, to $3.31 a pound.

In energy trading, the price of oil rose for the first time in six days on upbeat news about the U.S. economy. U.S. unemployment claims fell close to their lowest level in six years, the government reported.

Benchmark oil for November delivery gained 37 cents Thursday to close at $103.03 a barrel on the New York Mercantile Exchange. Oil had dropped $5.41, or 5 percent, over the five previous trading sessions.

Wholesale gasoline rose 3 cents to $2.71 per gallon. Natural gas rose 1 cent to $3.50 per 1,000 cubic feet and heating oil rose 3 cents to $3.00 per gallon.
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 This material may not be published, broadcast, rewritten or redistributed.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
Only $9.95
14-Days Free
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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%
YHOO $36.60 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs