Corn finishes the week higher

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Associated Press

Posted on February 1, 2013 at 4:02 PM

Updated Friday, Feb 1 at 4:02 PM

Corn is ending the week higher as dry weather in Argentina threatens to damage crops.

The grain has climbed 2.2 percent this week and advanced in three out of the last four weeks since falling to a six-month low of $6.80 a bushel Jan. 4.

The grain fell back 4.5 cents to close at $7.36 a bushel, after climbing as high as $7.46 during trading Friday.

In other grain trading, Wheat fell 14.50 cents to $7.65 a bushel and Soybeans rose 5.75 cents a bushel to $14.7425.

Oil rose 68 cents to $96.24 on the New York Mercantile Exchange, after a government report showed that and hiring rose in January was stronger at the end of 2012 than previously thought.

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