Published: Aug 15, 2012 4:28 PM EDT
Updated: Aug 16, 2012 6:30 AM EDT

The rain brought relief, but it didn't last long.

Prices for wheat, corn and soybeans are rising as crops continue to be gripped by the effects of a devastating drought.

On Wednesday, wheat for December delivery settled up 8 cents, or 1 percent, to $8.6625 per bushel. December corn rose 15 cents to $8.04 per bushel. November soybeans rose 36.5 cents to $16.345 per bushel.

Precious metals finished higher and industrial metals fell, but only slightly. Silver and gold rose a few fractions of a percentage point. Copper, palladium and platinum fell a similar amount.