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COMMODITIES DAYBOOK: Corn Falls on Speculation of Slowing Demand

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Aug. 13 (Bloomberg) -- Corn fell the most in five weeks on speculation that demand is slowing after a crop-damaging U.S. drought sent prices to a record this month. Soybeans and wheat declined as rain aided parched fields from Kansas to Ohio.

WHAT TO WATCH:
(ALL TIMES NEW YORK)

4:00 a.m. LME Stockpiles
6:00 a.m. South African Grain Imports, Exports
8:30 a.m. NOPA Soybean Processing for July
2:00 p.m. USDA Cattle, Hog Slaughter
4:30 p.m. API Crude Inventories

TOP STORIES
Corn Falls as Rally May Curb Demand; Soy, Wheat Drop on Rain
Oil Falls as U.S. Equities Slip, Japan GDP Misses Expectations
Gasoline Futures Drop on Speculation of Rise in Refinery Output
Natural Gas Drops to a Six-Week Low on Milder U.S. Weather
Copper Falls to One-Week Low on Signs of Slowing Chinese Demand
Gold Drops for First Time in Four Sessions on Slowdown Concerns
Coffee Falls as Supply Improves; Cotton, Sugar, Cocoa, Decline
Cattle Jump to Five-Month High on Rising Beef Demand; Hogs Gain

ON THE FRONT PAGES
Venezuela Sends China 640,000 Barrels a Day of Oil: Correo Link
Four Rescued, 13 Still Trapped After China Mine Accident: Xinhua
Petroperu Will Sell Up to $400 Million in Bonds, Expreso Says

ECONOMIC DATA:
(ALL TIMES NEW YORK)

1:30 a.m. France July Inflation, 2Q GDP
2:00 a.m. Germany 2Q GDP
2:45 a.m. France 2Q Non-Farm Payrolls
4:30 a.m. U.K. July Inflation
5:00 a.m. Germany ZEW Survey August
5:00 a.m. Euro Zone 2Q GDP
7:30 a.m. U.S. NFIB Small Business Optimism July
8:30 a.m. U.S. Producer Price Index July
10:00 a.m. U.S. June Business Inventories

TV HIGHLIGHTS
 8:35 a.m. Gtis Partners Chairman Thomas M. Shapiro
10:00 a.m. Diamond A-Ford Corp. Chairman Gerald J. Ford
 2:40 p.m. NFL Quarterback Peyton Manning

MARKETS (4:20 p.m. NY TIME):
                                   Last     Chg    %Chg
WTI Crude Oil                     $92.73   -0.14    -0.2
Gasoline                          $2.9907  -0.0132  -0.4
Natural Gas                       $2.729   -0.041   -1.5
Copper                            $3.3535  -0.039   -1.1
Gold                            $1,609.60  -10.10   -0.6
Wheat                             $8.5675  -0.285   -3.2
U.S. Dollar Index                 82.421   -0.136   -0.2
MSCI All-Country Index            322.47   -0.81    -0.3

To contact the reporter on this story: Dan Murtaugh in Houston at dmurtaugh@bloomberg.net

To contact the editor responsible for this story: Dan Stets at dstets@bloomberg.net

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