The Standard & Poor’s GSCI Spot Index of 24 raw materials rose 0.2 percent to 666.97 in New York, the third consecutive gain. Natural gas and sugar led the gains while soybeans posted the biggest decline.
The UBS Bloomberg CMCI gauge of 26 prices advanced 0.5 percent to 1,636.82, the highest level in two weeks.
Natural gas futures advanced to the highest price in almost 10 months as forecasts for cooler Midwest weather signaled higher demand for heating fuel.
Natural gas for November delivery gained 16 cents, or 4.8 percent, to $3.48 per million British thermal units on the New York Mercantile Exchange. The futures have risen 16 percent this year.
Raw sugar climbed to a seven-week high in New York on signs of increasing demand. Cotton, orange juice and coffee also rose while cocoa declined.
Raw-sugar futures for March delivery rose 3.5 percent to 21.13 cents a pound on ICE Futures U.S. in New York.
Cotton futures for December delivery advanced 0.8 percent to 71.2 cents a pound.
Orange-juice futures for November delivery advanced 0.4 percent to $1.136 a pound on ICE.
Arabica-coffee futures for December delivery rose 2.6 percent to $1.7805 a pound on ICE.
Cocoa for December delivery fell 2.6 percent to $2,450 a metric ton on ICE.
Soybean futures fell the most in a week on rising U.S. supplies and speculation that rain will aid early planting and crop development in South America. Corn rose and wheat fell.
Soybean futures for November delivery fell 2.5 percent to close at $15.6025 a bushel on the Chicago Board of Trade, the biggest drop for a most-active contract since Sept. 20.
Corn futures for December delivery gained 0.1 percent to $7.5675 a bushel.
Wheat futures for December delivery fell 2 percent to $8.8425 a bushel on the Chicago Board of Trade.
Oil advanced to a one-week high as U.S. manufacturing unexpectedly expanded and Spanish banks’ capital deficit dropped in September from June.
Crude oil for November delivery rose 29 cents to $92.48 a barrel on the Nymex, the highest settlement since Sept. 21. Prices, which are down 6.4 percent this year, increased 8.5 percent in the third quarter.
Gasoline was unchanged, after swinging between gains and losses, as refinery work kept East Coast supplies at a four-year low even as Europe’s struggling economy threatens the global recovery and fuel demand.
Gasoline for November delivery settled unchanged at $2.9201 on the Nymex. Prices swung between $2.8875 and $2.9564.
November-delivery heating oil declined 2.34 cents, or 0.7 percent, to $3.1358 a gallon.
Gold futures jumped to a 10-month high after Federal Reserve Bank of Chicago President Charles Evans said that the U.S. central bank can do more to boost the economy, fueling concern that inflation will accelerate.
Gold futures for December delivery rose 0.5 percent to settle at $1,783.30 an ounce on the Comex in New York.
Silver futures for December delivery climbed 1.1 percent to $34.952 an ounce on the Comex.
Nymex platinum futures for January delivery advanced 1 percent to $1,685.80 an ounce.
Palladium futures for December delivery gained 0.7 percent to $645.60 an ounce on the Nymex.
Copper rose to a one-week high in New York after the Chicago Fed’s Evans said the U.S. central bank can do more to boost growth, while stress-test results helped shore up confidence in Spain’s banking system.
Copper futures for December delivery rose 0.7 percent to settle at $3.7855 a pound on the Comex.
On the London Metal Exchange, copper for delivery in three months gained 1.2 percent to $8,299.50 a metric ton ($3.76 a pound).
Aluminum, lead, zinc, tin and nickel also rose in London.
Hog futures rose the most in two weeks on signs that sows will produce fewer litters, curbing the outlook for U.S. pork supplies. Cattle prices climbed.
Hog futures for December settlement advanced 1.9 percent to settle at 75.125 cents a pound on the Chicago Mercantile Exchange.
Cattle futures for December delivery rose 1.1 percent to $1.26125 a pound.
Feeder-cattle futures for November settlement gained 0.9 percent to $1.45625 a pound.
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