Corn, Wheat Futures Drop on Fuel Outlook: Commodities at Close

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Corn, Wheat Futures Drop on Fuel Outlook: Commodities at Close - Businessweek

The Standard & Poor’s GSCI gauge of 24 raw materials fell 1.4 percent to settle at 635.82 at 4 p.m. in New York, paced by grains.  The UBS Bloomberg CMCI index of 26 prices declined 0.9 percent to 1,554.94.  Corn fell from a record after livestock producers hurt by higher feed costs urged the U.S. to suspend an alternative-fuel mandate that is driving grain demand from ethanol makers.  On the Chicago Board of Trade, corn futures for December delivery dropped 1.1 percent to $8.0525 a bushel, after touching an all-time high of $8.205.  Wheat futures for September delivery fell 2.9 percent to $8.8825 a bushel. The grain, which competes with corn in livestock feed, surged 17 percent this month.  Soybean futures for November delivery declined 0.2 percent to $16.41 a bushel.

For Currencies And Commodities, It's All About The Fed, ECB And Bank Of England This Week

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For Currencies And Commodities, It's All About The Fed, ECB And Bank Of England This Week - Forbes

A troika of central bank gatherings this week is garnering keen anticipation from the raw commodity and currency futures markets. The Federal Reserve’s Federal Open Market Committee meeting kicks off the central bank confabs by getting underway Tuesday morning and concluding Wednesday afternoon. The European Central Bank and Bank of England central bank meetings conclude on Thursday, including a key press conference held by ECB chief Draghi following the ECB meeting.  Market watchers will closely scrutinize all the central bank meetings for fresh clues on any implementation of so-called “quantitative easing” of monetary policies from the three central banks—but especially from the Fed and the ECB...

US Stock Futures Hold Gains After Income, Spending Data

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US Stock Futures Hold Gains After Income, Spending Data - WSJ.com

U.S. stock futures held gains Tuesday after the release of personal income and spending data, as the start of the Federal Reserve's policy-setting meeting helped lift investor spirits in the face of weaker European markets.  About 45 minutes before the opening bell, Dow Jones Industrial Average futures advanced 24 points, or 0.1%, to 13024. Standard & Poor's 500-stock index futures tacked on 3 points, or 0.2%, to 1383 and Nasdaq 100 futures added 10 ...