Summary Box: Soggy weather benefits corn prices

AP News
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Posted: May 25, 2011 3:44 PM
Summary Box: Soggy weather benefits corn prices

SOGGY GAINS: Corn prices rose as soggy weather continued to plague farmers trying to plant crops in key growing states. The situation is more of a concern this year because of hopes that the crop will be bountiful enough to help ease a global supply shortage.

PRICES SHINE: Metals used in manufacturing settled higher as investors looked past a weakness in April orders for durable goods to the potential for stronger demand in the months ahead.

OIL TOPS $100: Oil prices topped $100 a barrel as investors continued to respond to bullish outlooks earlier this week from investment banks.