News Summary: Soybeans Rebound From Two-week Slump

By The Associated Press

ON THE REBOUND: Soybeans rebounded, following two weeks of losses, after Argentina didn't the rain that was forecast over the weekend. The beans had been falling on expectations of a bumper crop in South America.

SNOW WHEAT: Wheat fell on forecasts of snow reaching the Plains. That would give the soil in the region much-needed moisture and help this year's harvest.

COPPER BOTTOM: Copper fell 2.3 percent, its biggest drop since October, on speculation that demand from China is set to wane. China is one of the world's biggest consumers of the metal.

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 This material may not be published, broadcast, rewritten or redistributed.

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