Corn falls, soybeans rise on crop report; Gold up

AP News
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Posted: Sep 12, 2013 5:37 PM

Corn is lower and soybean futures are higher after the government's latest crop report.

Gold and silver fell and energy futures rose Thursday.

Corn for December delivery fell 6.25 cents, or 1.3 percent, to $4.6625 a bushel after the U.S. Department of Agriculture reported that harvests were higher than traders had been expecting.

Soybeans for November delivery jumped 37.75 cents, or 2.8 percent, to $13.96 a bushel. The U.S.D.A. reported that demand for soybeans was stronger than analysts believed.

Gold for December delivery fell $33.20, or 2.4 percent, to $1,330.60 an ounce. Silver for December delivery dropped $1.023, or 4.4 percent, to $22.149 an ounce.

Crude oil for October delivery gained $1.04, or 1 percent, to close $108.60 a barrel on the New York Mercantile Exchange.