Summary Box: Grains, beans rise on demand

AP News
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Posted: Jun 28, 2011 5:01 PM
Summary Box: Grains, beans rise on demand

CROPS UP: Grains and soybean prices are rising as commercial customers took advantage of relatively low prices to buy supplies of feed.

COMMERICAL DEMAND: Just a few weeks ago, corn was trading as high as $7.99 a bushel. That kept livestock producers and other big grain customers out of the market. Those buyers are getting back into the market now that prices have fallen.

OIL UP: Oil rose on increasing optimism that Greece will be able to contain its debt crisis. Benchmark crude for August delivery rose $2.28 to settle at 92.89 per barrel.