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News Summary: Corn jumps on small harvest estimate

The Associated Press
Thursday, 11 Oct 2012 | 3:48 PM ET

POPPING CORN: Corn jumped 5 percent after the government predicted that the U.S. harvest will produce about 10.7 billion bushels, which would be the smallest in six years. The forecast suggested that supplies will remain short both domestically and globally into next year.

SUPPLY QUESTIONS: Oil rose on questions about whether supplies from the Middle East could be disrupted by tensions between Turkey and Syria. The two countries have traded artillery fire over Syria's northern border throughout the past week.

MIXED BAG: Prices rose for gold, industrial metals, soybeans and wheat. Wholesale gasoline and silver fell.