Summary Box: Palladium, platinum prices fall

AP News
Posted: Mar 14, 2011 3:56 PM
Summary Box: Palladium, platinum prices fall

RIPPLE EFFECT: Platinum and palladium prices fell after some Japanese auto manufacturers suspended operations following a devastating earthquake. Investors are concerned that the closures will reduce demand for the two metals, which are used to make automobile catalytic converters.

QUESTIONS ABOUT OIL: Oil prices settled slightly higher as traders monitored how the devastation in Japan will affect demand. Analysts believe Japan will increase imports of diesel, natural gas and other refined fuels in the coming weeks.

GAIN IN GRAINS: Wheat, corn and soybeans all settled higher.