Commodities News
News Summary: Wheat surges 5 percent on weather
: Dry, hot temperatures in the U.S. and a drought in Russia had investors anticipating that supplies might be tight. Wheat surged 5 percent, corn rose 4 percent.GOLD, OIL SLUMP: Crude oil closed at the lowest level since November and gold slid to the lowest since December. A surge in the dollar was a big factor behind both moves.THE BUCK: The dollar has been climbing sharply over the past two weeks
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