News Summary: Beans, metals fall on growth worries
Published: September 20, 2012
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ECONOMIC WOES: Prices for soybeans and industrial metals fell Thursday on reports that China's manufacturing sector continued to slow last month. A separate survey concluded that Europe appears headed for a deepening recession.
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APPETITE SUPPRESSANT?: China, the world's second-largest economy, is a huge importer of raw materials such as industrial metals, oil and soybeans. Traders worry that the slowing manufacturing sector will hurt economic growth and, in turn, demand for commodities.
MIXED BAG: Prices rose for silver, gasoline and natural gas. Prices fell for gold, oil, corn and wheat.
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