Commodities

Corn Price May Drop 10%, Soybeans 5% on Abundant Supply, Researcher Says U.S. corn prices may drop by about 10 percent and soybean prices by 5 percent with favorable weather, Jay O’Neil, a researcher at Kansas State University, said in an interview.

Gold May Gain Next Week on Alternative to Dollar, Low Rates, Survey Shows Gold may gain on speculation demand will increase as investors seek an alternative to the dollar and low interest rates, a survey showed.

China Steelmakers Can `Hardly Bear' 90% Iron Ore Price Gain, Daily Reports Chinese steelmakers can “hardly bear” a 90 percent increase in the price of iron ore, National Business Daily reported, citing Ministry of Industry and Information Technology spokesman Zhu Hongren.