Share “Corn, soybeans rise on reports of delays...”

Corn, soybeans rise on reports of delays in Brazil

Published on NewsOK Modified: February 28, 2013 at 4:26 pm •  Published: February 28, 2013

In other trading, wheat edged higher, advancing 2.5 cents, or 0.4 percent, to $7.1450 a bushel.

Metals fell, with silver leading the declines.

Silver for May delivery fell 55.30 cents, or 1.9 percent, to $28.43 an ounce. Palladium for June delivery dropped $11.10 an ounce, or 1.5 percent, to $734.55.

Gold for April delivery dropped $17.60 to $1,578.10 an ounce. The metal fell 4 percent in February, its biggest monthly decline in 10 months.

The demand for gold as a defensive investment has waned this year on evidence that the U.S. economy is maintaining its recovery.

Platinum for April delivery dropped $16.60 an ounce, or 1 percent, to $1,583.50. Copper for May delivery fell 1.95 cents, or 0.5 percent, to $3.5475 a pound.

Benchmark crude for April delivery fell 71 cents to finish at $92.05 a barrel.

Wholesale gasoline was up 0.05 cents to $3.11 a gallon. Heating oil fell 2.4 cents to $2.96 a gallon. Natural gas rose 5 cents to finish at $3.48 per 1,000 cubic feet.