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Originally published Monday, August 6, 2012 at 12:48 PM

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News Summary: Beans drop after rain falls on crops

RAIN DROPS: Soybean prices dropped 2.7 percent after rain fell in some Midwestern states. That raised questions about whether the moisture helped the crop, which has been damaged by a devastating drought. Corn prices fell but wheat rose slightly.

The Associated Press

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RAIN DROPS: Soybean prices dropped 2.7 percent after rain fell in some Midwestern states. That raised questions about whether the moisture helped the crop, which has been damaged by a devastating drought. Corn prices fell but wheat rose slightly.

JOBS, JOBS, JOBS: Lacking fresh economic news, other commodities were mostly higher for a second day on Friday's stronger-than-expected U.S. jobs report. Traders hope the economy may strengthen and raise demand for commodities.

MIXED BAG: Prices for gold, silver, copper, oil and natural gas rose. Wholesale gasoline and platinum fell.

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