Summary Box: Wheat jumps on concerns about Russia’s fall crop; economic news hurts metals
By APThursday, August 19, 2010
Summary Box: Wheat jumps amid Russian crop fears
WEATHER WOES: Wheat prices jumped Thursday as Russia’s persistent, devastating drought raised questions about fall crop planting. Without significant rainfall, winter wheat planting could be at risk in the region near the Black Sea.
METALS DROP: Most metals prices fell on new reports that signaled slowing economic growth. That could mean demand would diminish for metals used largely in manufacturing.
SAPPED ENERGY: Oil and other energy products also were pressured by the disappointing economic reports.
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