Spotlight: Oil fell on forecasts U.S. inventories gained for a fifth week. Wheat fell, capping the biggest two-day loss since 2003. Cocoa extended a rally to the highest since 1985 as U.K. pound rose. Gold, silver, platinum and palladium fell.
Energy: Crude oil fell for the first time in four days on forecasts that a government report tomorrow will show U.S. stockpiles increased for a fifth week. Natural gas fell, amid speculation higher temperatures may pare demand of the fuel for heating. Gasoline futures fell before a government report that's expected to show a 14th consecutive rise in U.S. inventories.
Agriculture: Wheat fell, capping the biggest two-day loss since 2003, on speculation that farmers will increase planting to take advantage of prices that have doubled to a record in the past year. Corn fell on speculation overseas grain demand is slowing after prices surged to a record. Notably, soybeans fell, erasing an earlier gain, on speculation investors will sell commodities and buy more stocks.
Sugar prices fell the most in a week on speculation that a global surplus and lower crude oil futures may slow demand. Cocoa extended a rally to the highest since 1985 on speculation the U.K. pound's rise against the U.S. dollar is boosting purchases of futures in New York. Coffee rose to the highest since 1998 as exchange inventories dropped.
Precious Metals: Gold fell the most in a week as a rally in equities reduced the appeal of the precious metal as an alternative investment. Besides, platinum fell from a record on concern that industrial demand for the metal may ease after prices rose 27 percent this year. Silver and palladium fell.
Industrial Metals: Copper rose for the fifth straight session on concern supplies will trail demand for the metal used.
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