Summary Box: Wheat prices up on winter crop fears

AP News
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Posted: Oct 28, 2010 3:42 PM
Summary Box: Wheat prices up on winter crop fears

WHEAT GAIN: Wheat prices advanced amid questions about whether a dry winter could stunt the crop's growth.

DOLLAR WATCH: The dollar grew weaker against other currencies. Since commodities are priced in dollars, a weaker dollar makes them more lucrative for buyers who use foreign currencies.

WHAT'S NEXT: Many commodity traders and investors are awaiting the outcome of next week's elections and Federal Reserve meeting to see if new trends emerge. If the policymakers decide to start a bond-buying program, it could pressure the dollar.