|Published:||Oct 30, 2012 4:39 PM EDT|
|Updated:||Oct 31, 2012 6:31 AM EDT|
Prices for corn, soybeans and other commodities are mostly rising as traders become less worried about crop damage from Hurricane Sandy.
CME Group, which runs several exchanges including the New York Mercantile Exchange, said its New York trading floor will reopen Wednesday pending the lifting of the evacuation order for lower Manhattan, where the storm caused flooding.
CME continued electronic trading on Monday and Tuesday while the stock market was closed because of the storm. Stock trading is scheduled to resume on Wednesday as well.
Corn for December delivery rose 4.75 cents to settle at $7.4175 a bushel and soybeans for January delivery rose 6.75 cents to $15.365 a bushel.
Wholesale gasoline prices fell as traders anticipated that people would do less driving in the immediate aftermath of the storm.