Cotton futures tumbled the most in almost 21 years on mounting concern that demand will slow amid signs the world economy is cooling.
WHAT TO WATCH (ALL TIMES NEW YORK) 4:00 a.m. LME Stockpiles 6:00 a.m. South Africa Monthly Grains Stockpiles Data 8:30 a.m. USDA May Livestock Slaughter Report 10:00 a.m. American Petroleum Institute Monthly Report 1:00 p.m. Baker Hughes U.S. Energy Rig Counts 2:00 p.m. USDA Cattle, Hog Slaughter 3:00 p.m. USDA May Cattle on Feed Report 3:00 p.m. USDA World Coffee Markets Semiannual Report 3:00 p.m. USDA May Cold Storage Report -- Pork Bellies TOP STORIES Cotton Falls Most Since 1991 as Demand Slows; Orange Juice Drops Oil Drops Below $80, Brent Under $90 on Signs of Slowing Economy Heating Oil Tumbles as Economic Reports Indicate Lower Demand Natural Gas Advances on Smaller-Than-Expected Storage Increase Copper Falls Most in 11 Weeks on China Slowdown, Fed Decision Gold Futures Erase This Year’s Gain on Federal Reserve Decision Coffee Rises on Brazilian Crop Concerns; Sugar, Cocoa Decline ON THE FRONT PAGES Statoil Asks Gazprom to Bring Shell Into Shtokman, RIA Says Pan American Halts Argentina Refinery on Strike: Upstream Link Shell’s Voser Concerned About Australia Labour Cost: Review Link ECONOMIC DATA (ALL TIMES NEW YORK) 4:00 a.m. IFO Pan Germany June Business Expectations 4:00 a.m. Italy June Consumer Confidence Indicator 8:30 a.m. Canada May Consumer Price Index TV HIGHLIGHTS 7:00 a.m. St. Louis Federal Reserve President James Bullard 8:54 a.m. Green Bay Packers Wide Receiver Greg Jennings 9:00 a.m. Pimco Managing Director Neel T. Kashkari 5:20 p.m. ETF Securities USA LLC Managing Director William Rhind MARKETS (6:00 p.m. NY TIME) Last Chg %Chg WTI Crude Oil $78.20 -3.25 -3.99 Gasoline $2.5501 -.0401 -1.55 Natural Gas $2.582 +0.065 +2.58 Copper $3.298 -.0895 -2.64 Gold $1,564.50 -50.30 -3.11 Wheat $6.6175 -.0225 -0.34 U.S. Dollar Index 82.29 +0.707 +0.87 MSCI World Index 305.53 -5.66 -1.82
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