Summary Box: China moves soybeans; oil inches up

AP News
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Posted: Apr 20, 2012 3:48 PM
Summary Box: China moves soybeans; oil inches up

IT'S ALL ABOUT CHINA: On Friday, soybean prices moved higher on rumors that China is about to make a big purchase. Similar rumors did the same thing for corn on Thursday.

OIL HEADS HIGHER: The price of oil rose in New York and London on an encouraging report about German business confidence and strong U.S. corporate earnings.

HEAVY METALS: Most metals rose, with the biggest percentage increases in copper and palladium. The outlier was silver, which fell slightly.