Palladium settled at its highest price in more than a decade as a mining strike in South Africa continues to pinch production of the metal. The strike started Jan. 23 and has squeezed supplies of the industrial metal, which is used to make catalytic converters that filter car exhaust. In other trading, prices for corn and wheat dropped after the U.S. Department of Agriculture raised its forecast for worldwide stockpiles and production of both crops. Warmer weather in the Midwestern U.S., combined with rainfall to parched growing regions, has knocked crop futures down this month.
Reported by SeattlePI.com 2 hours ago.
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