Summary Box: Grains rally as livestock, ethanol producers snap up bargains; gold hits record
By APTuesday, October 5, 2010
Summary Box: Grains rally as gold hits new record
CORN RALLIES: Corn prices rose 19.5 cents to settle at $4.91 a bushel. The jump comes after a broad sell-off last week. Corn prices were buoyed by ethanol and livestock producers are snapping up supplies that are relatively low after last week’s sell-off.
SNAPPING UP BARGAINS: Soybeans and wheat followed corn’s rise. Soybeans rose 17.75 cents to $10.7175 a bushel. Wheat delivery rose 16.25 cents to settle at $6.635 a bushel.
GOLD HITS RECORD: Gold rose $23.50 to settle at $1,340.30 an ounce Tuesday, breaking the record high of $1,322 an ounce during trading Friday.
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