Summary Box: Soybeans fall on supply forecast

AP News
Posted: Dec 09, 2011 3:26 PM
Summary Box: Soybeans fall on supply forecast

SOYBEAN SLUMP: Soybean prices dropped 2.3 percent after the government forecast a hefty jump in stockpiles by the end of next summer's growing season. The U.S. Agriculture Department says farmers also are expected to face tougher competition from other countries and slower shipments. Wheat and corn prices also fell.

GLEAMING METALS: Metals prices rose after most European leaders forged an agreement that could help resolve the region's debt crisis.

ENERGY MIX: Energy contracts were mixed after the European agreement was disclosed. Oil and gasoline prices were higher; heating oil and natural gas fell.