Summary Box: Plains storm weighs on wheat prices

AP News
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Posted: Mar 08, 2011 3:43 PM
Summary Box: Plains storm weighs on wheat prices

WHEAT WAVERS: Wheat prices fell as a storm scattered rain and snow across parts of the Great Plains where a dry winter has raised questions about quality of the winter wheat crop. The storm was expected to benefit much of Kansas, but dry conditions were prevailing in Texas.

DIP IN OIL: Oil prices fell slightly after Saudi Arabia's oil minister said the oil market remains well-supplied but that the kingdom is committed to tapping excess supplies if needed.

MIX OF METALS: Copper prices rose. Gold, silver and other metals settled lower.