Grain prices rise on hope for export deals

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Associated Press

Posted on January 14, 2013 at 5:00 PM

Updated Monday, Jan 14 at 5:02 PM

Prices for wheat, corn and soybean futures are ending higher as investors hope that U.S. exports will pick up.

In March contracts, Wheat rose 12.25 cents to settle at $7.67 a bushel Monday. Corn rose 15.25 cents to $7.24 a bushel and soybeans rose 44.75 cents to $14.18 a bushel.

Darin Newsom, a senior commodities analyst at DTN, an Omaha, Neb.-based market information company, said commercial buyers were coming back into the market over the last two days after the Department of Agriculture released its final crop report of 2012 on Friday.

Most metals ended higher. Energy futures rose.

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