Spotlight: Crude oil rose above $100 a barrel to record close after the Dollar fell. Wheat climbed above $12 a bushel for the first time in Chicago. Notably, U.S. steel imports rose 33 percent in January. Precious metals: gold and platinum climbed in New York on inflation concerns.
Energy: Crude oil rose above $100 a barrel as the U.S. dollar fell to an all-time low against the euro, prompting some traders to invest in commodities as a hedge against inflation. Besides, heating oil futures rose to a record for a sixth consecutive day on signs cold weather may increase demand. Natural gas was little changed, amid an outlook for supplies to decline.
Agriculture: Wheat climbed above $12 a bushel for the first time in Chicago, as investors poured money into agricultural commodities on signs that crop production isn't keeping pace with demand.
Sugar rallied to the highest price in more than 18 months as sweetener is seen as ``cheap'' compared with other agricultural commodities that are reaching records. Coffee fell the most in a month as speculative demand eased following a rally to the highest price in 10 years. Cocoa rose, extending a rally to the highest price since 1984, on supply concerns and the U.K. pound's gained.
Precious Metals: Gold, silver, platinum and palladium futures rose after the dollar approached a record low against the euro, increasing demand for the precious metals as hedges against inflation.
Industrial Metals: Copper rose on speculation that increasing demand from emerging markets such as China and India will erode inventories.
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