News Summary: Another fall for corn futures

Last Updated: Mon, Dec 10, 2012 22:30 hrs

: Corn prices took another hit from worries about weak U.S. exports. Corn for March delivery lost 7.25 cents to settle at $7.30 a bushel. Wheat also fell.

EXPORT WORRIES: Jack Scoville of Price Futures Group wrote in a note to clients that corn prices were falling on news that cheaper corn from countries like Brazil and Ukraine was edging out U.S. sales of the grain.

GOLD CLIMBS: Gold for February delivery rose $8.90 to $1,714.40 an ounce. March silver rose 24.6 cents to $33.377 an ounce.

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