Corn slides again, extending recent lossesJuly 15, 2014 @ 1:48 pm
Corn futures slumped again Tuesday, extending a recent slide brought on by expectations of a huge crop this year.
Corn for December delivery fell 6.5 cents to $3.82 a bushel.
The price of corn has been falling steadily over the past several weeks and traded as high as traders expect favorable growing conditions in the U.S. to translate into a bumper crop. Corn traded as high as $5.22 a bushel on April 29.
Other crops were little changed. Wheat was flat at $5.38 a bushel and soybeans were unchanged at $10.86 a bushel.
In metals trading, August gold fell $9.60 to $1,297.10 an ounce. September silver fell 2.5 cents to $20.89 an ounce.
September copper was flat at $3.25 a pound.
Platinum for October delivery fell $8 to $1,485 an ounce and September palladium fell $3.45 to $868.55 an ounce.
Energy prices fell. Oil dropped 95 cents to $99.96 a barrel.
In other trading, wholesale gasoline fell 2.6 cents to close at $2.899 a gallon, natural gas fell 5 cents to close at $4.097 per 1,000 cubic feet and heating oil shed 1.7 cents to close at $2.856 a gallon.
Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Welcome to Thunderdome
Five position battles will likely be settled at Seahawks training camp
An intoxicated camper caught his quick escape from a Washington wildfire on video
Gone to the Robots
What these airplane-building robots actually mean for Boeing Machinists and their jobs
Please login below with your Facebook, Twitter, Google+ or Disqus account. Existing MyNorthwest account holders will need to create a new Disqus account or use one of the social logins provided below. Thank you.