Summary Box: Wheat rises after Russia forecast cut

AP News
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Posted: Mar 18, 2011 4:28 PM

RUSSIA'S WHEAT: Wheat prices rose after Russia cut its forecast for this year's harvest, renewing concerns that global supplies will tighten.

CORN'S RALLY: Corn prices soared as strong export sales raised expectations of improving demand. Corn is in short supply globally ahead of this year's planting season.

MIXED FUELS: A cease-fire in Libya sent oil prices lower as concerns eased about supply disruptions in the Middle East and North Africa. Heating oil and gasoline also fell while natural gas rose slightly.