Corn climbs amid persistent wet weather in Midwest

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Source: Bloomberg
Corn jumped on Monday amid speculation that continued wet weather in the Midwest, the biggest growing U.S. region, increasing chances that the country's production may miss preliminary estimated record level. Corn for delivery in July rose 0.6% to $6.3975 a bushel on the CBOT following a 1.9% drop recorded on May 10 as a report predicted harvest in 2013 will grow to 359.2 million metric tons.

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Mon, 13 May 2013 12:53:04 GMT

Pound rises against U.S. Dollar before jobless claims report

The British Sterling was little changed on Monday before a report showed that the total number of people claiming unemployment benefits in the United Kingdom dropped for the sixth month in April. The Pound strengthened 0.4% rebounding from the lowest level in two weeks against the U.S. Dollar and stood at $1.5374 as of 7:37 a.m. in London.

Mon, 13 May 2013 12:31:04 GMT

Copper trades near one-month high

Copper was traded close ещ its highest level in a month after it completed a third weekly gain as investors bet that demand in China, the largest consumer of the commodity can be sustained. Copper for delivery in August increased as much as 0.6% to $7,417 a metric ton on the London Metal Exchange as of 10:16 a.m. Shanghai time.

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