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- The 2014 Big Picture on Cyber Security
- AFCEA Answers
- Ask the CIO
- Building the Hybrid Cloud
- Connected Government: How to Build and Procure Network Services for the Future
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- Moving to the Cloud. What's the best approach for me
- Navigating Tough Choices in Government Cloud Computing
- The New Generation of Database
- Satellite Communications: Acquiring SATCOM in Tight Times
- Targeting Advanced Threats: Proven Methods from Detection through Remediation
- Transformative Technology: Desktop Virtualization in Government
- The Truth About IT Opex and Software Defined Networking
- Value of Health IT
- Air Traffic Management Transformation Report
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- General Dynamics IT Enterprise Center
- Gov Cloud Minute
- Government in Technology Series
- Homeland Security Cybersecurity Market Report
- National Cybersecurity Awareness Month
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- The Cyber Security Report
- The Next Generation Cyber Security Experts
Shows & Panels
Corn rises before report; weak dollar lifts metals
Tuesday - 4/9/2013, 6:40pm EDT
NEW YORK (AP) -- Corn prices climbed Tuesday, regaining some ground following a big slump, as traders get ready for another report on crop supplies.
Corn rose nearly 2 percent, gaining 10.75 cents to settle at $6.4425 per bushel.
Sterling Smith, a futures specialist at Citibank Institutional Client Group, said one reason corn traded higher was simply that it had dropped too far in recent weeks.
Prices for the grain have been in a deep slide since March 28. That's when the U.S. Department of Agriculture said stockpiles of corn were much higher than analysts had expected. "It gave the market quite a bit of a jolt," Smith said.
Corn has slumped 7 percent so far this month. It was trading above $7.35 before the government report came out.
Traders will get a new look at estimates for crop supplies Wednesday. The U.S. Department of Agriculture will release its monthly report on worldwide supply and demand for corn, soybeans and other crops.
In other trading, soybeans rose 1.3 percent, or 17.5 cents, to $13.955 per bushel. Wheat fell, dropping 3.75 cents to $7.0875 per bushel.
Precious metals prices were higher, helped by a drop in the dollar. Contracts for May silver jumped nearly 3 percent, rising 74.3 cents to settle at $27.881 per ounce.
Gold for June delivery rose $14.20 to $1,586.70 per ounce.
Industrial metals also rose, led by copper. Contracts for delivery of copper in May surged more than 2 percent, climbing 7.43 cents to $3.4415 per pound.
Platinum for July rose $16.10 to $1,553.10 per ounce.
Palladium for June rose $3.20 to settle at an even $733 per ounce.
In the market for oil and gas, benchmark crude oil for May delivery gained 84 cents to finish at $94.20 a barrel.
The Energy Department said in its monthly outlook that oil should average $94 a barrel in 2013. That's up $2 a barrel from the forecast issued a month ago.
In other trading on the Nymex:
-- Wholesale gasoline rose 3 cents to finish at $2.94 per gallon.
-- Natural gas fell 7 cents to end at $4.02 per 1,000 cubic feet.
-- Heating oil rose 1 cent to finish at $2.96 per gallon.
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