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Latest Business News

Agricultural Commodities Up, Gold Falls

Thursday, June 07, 2007 3:05:48 PM
By LAUREN VILLAGRAN

NEW YORK (AP) - Corn prices climbed Thursday as traders fretted over dry weather in the eastern Corn Belt.

In other commodities, crude oil and agriculture prices rallied, while the gold market suffered at the hands of a rising U.S. dollar.

Corn fields in southern Indiana and southwestern Ohio have hungered for rain for weeks, and the lack of moisture remains a focal point in the corn market, said DTN analyst Gary Wilhelmi. National Weather Service data indicated scattered thunderstorms could sate parts of the region in the coming days, and traders will be watching for reports of rain.


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