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Prices slip for metals, oil; crop prices recover

The Associated Press

Prices for metals and oil are dropping, while key crops recovered some losses from the previous day.

The biggest moves were in palladium, which lost more than 2 percent, and platinum, which lost nearly 2 percent. Both can trade as industrial metals, meaning they generally rise when investors feel hopeful about the economy.

Palladium for June delivery fell $16.50 to $680.60 per ounce. July platinum lost $26.50 to $1,481.20 per ounce.

June gold was down more than 1 percent, losing $19.20 to $1,448.80 per ounce.

Benchmark oil for June delivery fell 54 cents to finish at $95.62 per barrel in New York.

Prices for key agricultural crops rose slightly. Wheat and soybeans were up about 1 percent.