Corn prices climbed to the highest since July 2008 after a government report showed shrinking U.S. inventories, while storms in the Midwest threatened to delay spring planting. Futures for May delivery rose 15.75 cents, or 2.1 percent, to $7.5175 a bushel after touching $7.5675, the highest for a most- active contract since July 7, 2008. Prices have more than doubled in the past year as global supplies plunged.
Indexes for stocks in Hong Kong, Norway, Canada, India and China gained more than 0.7 percent. The S&P 500, the benchmark measure of U.S. shares, swung between a loss of 0.1 percent and a gain of 0.3 percent. Intel Corp. (INTC) fell the most in the Dow Jones Industrial Average, losing 1.5 percent, as the Semiconductor Industry Association said three-month average sales dropped 1.1 percent in February.
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