Corn Drops as Farmers Boost Crop Sales: Commodities at Close

The Standard & Poor’s GSCI gauge of 24 commodities was little changed at 622.4 while the UBS Bloomberg CMCI index of raw materials was steady at 1,437.154.


Corn fell the most in a week on speculation that farmers increased sales of this year’s expected record harvest. * Corn fell 1.5% to $4.2475/bu on CBOT * Wheat dropped 0.5% to $6.56/bu * Soybean futures were unchanged at $13.2925/bu

Grains markets: NI GRMKTS


West Texas Intermediate declined for a third day in New York on projections that a report tomorrow will show U.S. crude inventories advanced for a 10th week. * WTI fell 0.4% to $93.68/bbl on the Nymex * Brent dropped 0.1% to $110.88/bbl on ICE

Oil markets: NI OILMARKET


Ultra low sulfur diesel rose on speculation that U.S. distillate inventories slid last week to a five-year low. * Diesel advanced 0.4% to $3.0444/gal on Nymex * Gasoline rose 0.2% to $2.6869/gal

Oil markets: NI OPFMKT


Natural gas gained for a fifth day in New York to the highest level in six weeks on expectations that a blast of arctic air across the U.S. will spur demand. * Natural gas rose 0.8 percent to $3.818/mmbtu on Nymex

Gas market: NI GASMARKET


Spot gold declined for the first time in three sessions on speculation that signs of a strengthening U.S. economy will encourage the Federal Reserve to curb monetary stimulus. * Gold for immediate delivery fell 0.8% to $1,241.58/oz on Comex * Silver declined 1.8% to $19.8698/oz * Palladium slipped 0.5% to $718.45/oz on Nymex * Platinum dropped 0.4% to $1,371.90/oz

Precious metal markets: NI PCMKTS


Cotton futures rose to a one-month high on concern that severe weather will hamper the harvest in parts of the U.S., the world’s leading exporter. * Cotton gained 0.9% to 79.14c/lb on ICE * Orange-juice rose 0.1% to $1.388/lb * Cocoa futures dropped 1.2% to $2,769/mt * Arabica coffee increased 0.2% to $1.0875/lb * Sugar down 0.1% to 17.3 cts/lb

Soft commodities markets: NI SOMKTS


Copper futures fell for the first time in more than a week in New York as an unexpected drop in U.S. consumer confidence added to concern that supply gains will outstrip demand. * Copper slid 0.3% to $3.219/lb on Comex * Aluminum, nickel, tin and zinc fell on the LME, while lead rose

Base metals markets: NI BMMKTS


Cattle futures jumped the most in three months on speculation that U.S. beef demand is improving, spurring meatpackers to buy more animals. * Cattle futures advanced 0.8% to $1.33025/lb on CME * Hog futures climbed 0.7% to 90.4/lb * Feeder-cattle gained 1% to $1.64375/lb

Livestock markets: NI LVMKTS

To contact the reporter on this story: Mario Parker in Chicago at

To contact the editor responsible for this story: Dan Stets at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.