Summary Box: Corn prices surge to record high for 2010 as traders question yield prospects

By AP
Friday, September 3, 2010

Summary Box: Corn prices pop amid yield questions

PRICE POP: Corn prices surged to a record high for 2010 Friday as traders questioned whether yields will fall short of expectations. Meanwhile, supplies are tight and global demand is strong.

WHEAT RALLY: Wheat prices rose for a third consecutive day after the government reported two big export sales of the grain.

ENERGY MIX: Oil and most energy contracts settled lower after the government said the unemployment rate inched up to 9.6 percent in August. The exception was national gas, which rose 5 percent.

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