Share “News Summary: Commodities wrap up strong...”

News Summary: Commodities wrap up strong quarter

Associated Press Published: September 28, 2012

CORN POPS: The price of corn surged 5.6 percent on the last day of the quarter after a new estimate showed U.S. supplies at the lowest level in eight years before this year's harvest is added to the inventory. Supplies are tight globally.

STRONG QUARTER: Commodity prices posted strong gains for the July through September quarter as traders hoped that the global economy will improve. The U.S. and European central bank have taken steps to try to boost economic growth. Similar action is expected soon from China.

WINNERS, LOSERS: Prices rose for oil, copper and soybeans. Gold and silver fell.

× Trending business Article