WEATHER WATCH: Corn and soybean prices rose Friday after a bouncy week tied to changing weather patterns. Weather forecasts have taken on more importance because both crops have been damaged by searing heat and lack of rain during the growing season.
EUROPE’S PLEDGE: Other commodities were mostly higher on expectations that European leaders will take definitive action to repair the region’s fragile economy. Slower growth cuts into demand for a broad range of raw materials, including copper, platinum, palladium, oil and agricultural crops.
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WINNERS, LOSERS: Prices rose for gold, industrial metals and oil. Natural gas and coffee fell.
