Corn and soybean futures turn higher after weeks of losses; Metals and energy end mixed

Energy Associated Press

Corn and soybean futures are ending higher, reversing course after several weeks of losses. Metals and energy contracts are finishing mixed.

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Corn for December delivery, the most actively traded contract, rose 5 cents, or 1.3 percent, to $3.87 a bushel Wednesday.

The price of corn is still down sharply from its recent high of $5.22 a bushel on April 29 as traders expect a large U.S. crop this year thanks to favorable growing conditions.

Traders also expect a big crop for soybeans. Those bounced back 16 cents, or 1.4 percent, to $11.02 a bushel. Soybeans reached a recent high of $15.17 a bushel on May 22.

Metals closed mixed. Gold edged up $2.70 to $1,299.80 an ounce while silver fell 11 cents to $20.78 an ounce.