Summary Box: Commodity fall on demand concerns

AP News
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Posted: Apr 12, 2011 3:48 PM
Summary Box: Commodity fall on demand concerns

COMMODITY PLUNGE: Commodities fell across the board on concerns that demand would slow because of high oil prices, Japan's nuclear crisis and other global issues. Some of the steepest declines occurred in oil, wheat, corn, soybeans and palladium.

THE IMPETUS: Much of the movement was driven by a 3.3 percent decline in oil after new forecasts warned that rising prices soon could affect demand.

WHAT'S NEXT: Analysts say commodity prices likely will be pegged to supply and demand issues. For example, corn and soybeans are in short supply globally which should benefit prices.