Summary Box: Wheat rises on hope for better demand

AP News
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Posted: May 07, 2012 4:18 PM
Summary Box: Wheat rises on hope for better demand

WHEAT RISES: Wheat prices rose as investors speculated that export demand may improve as farmers prepare to harvest this year's crop. Although global wheat supplies are ample, some investors speculate that overseas buyers may become more interested in U.S. wheat because of its lower price.

EUROPE'S TROUBLES: Most commodity prices fell as investors waited to see how Europe will cope with its economic problems after weekend elections in France and Greece

MIXED BAG: Prices for oil, gold, silver, soybeans and corn fell. Copper and natural gas rose.