Gold Rises, Wheat Falls in Monday Trading

Wheat futures are edging lower on forecasts that rain will fall in Kansas and Nebraska in the coming days, helping the outlook for this year's crop.

The price for the wheat for March delivery fell 2 cents to $7.63 a bushel. The price of the grain has now fallen for three days.

In other trading, corn also fell while soybeans rose.

Corn for March delivery dropped 1.75 cents a bushel to $7.3425 a bushel. Soybeans rose 14.50 cents to $14.8875 a bushel.

Metals were mixed. Gold, platinum, and palladium rose, while silver and copper fell.

In energy trading, oil fell below $97 a barrel Monday on signs that the U.S. and Iran may restart nuclear negotiations. Heating oil and wholesale gasoline also fell, while natural gas advanced.


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