NEW YORK, May 22- Oil prices fell on Wednesday as a rise in U.S. gasoline inventories prompted selling, then crude extended losses in late trading after minutes from a Federal Reserve policy meeting sent U.S. stock markets down. Brent crude futures fell $1.31 to settle at $102.60, after shedding nearly a dollar in the previous session.» Read More
NEW YORK, Dec 5- Weakness in U.S. gasoline futures weighed on oil prices o n W ednesday after data showed a sharp rise in U.S. refined products inventories, while disappointing euro zone and U.S. economic data hurt sentiment about energy demand.
Although the price of gold could continue to fall, some traders think it's too early to call the top in gold.
Gold is easing today after Goldman Sachs cut its price forecast for the yellow metal. The Futures Now team discusses.
*Cocoa dealers debate Ivory Coast crop size. LONDON, Dec 5- Raw sugar edged lower on Wednesday as ample supply kept a lid on prices and the market remained stuck in a tight range. March raw sugar futures on ICE were down 0.04 cent or 0.2 percent to 19.40 cents a lb at 1539 GMT, remaining stuck in its recent trading range of between 19 and 20 cents per lb.
A currency play on the euro, with Andrew Busch, BMO Capital Markets.
*Nokia shares up in wake of deal with China Mobile. NEW YORK, Dec 5- U.S. stock index futures rose on Wednesday after comments from China's new leader boosted global growth expectations.
*ADP data due at 8:15 a.m. ET ( 1315 GMT. *Nokia shares up in wake of deal with China Mobile. NEW YORK, Dec 5- U.S. stock index futures rose on Wednesday after comments from China's new leader boosted global growth expectations.
"Worries tend to go to the dollar," said Joseph Trevisani, Worldwide Markets, weighing in on the best way to play the currency market; and Kevin Book, ClearView Energy Partners, explains what's driving energy prices.
NEW YORK/ LONDON, Dec 5- Arabica coffee futures on ICE hit a 2-1/ 2 year low on Wednesday and then pared losses as the market looked for a bottom, and cocoa also eased as investors worried about U.S. budget talks. President Barack Obama to agree on a budget and avoid the "fiscal cliff" are deadlocked, pressuring Wall Street stocks.
NEW YORK, Dec 5- A group of cotton traders have joined forces to develop the first global futures contract, seeking to supplant the century-old U.S. benchmark that they say is increasingly vulnerable to price-distorting squeezes.
*Germany and France clashed publicly on Tuesday over plans to put the European Central Bank in charge of supervising banks, deepening a dispute over the scope of ECB powers that threatens to derail one of Europe's boldest reforms.
Should markets rally on a "fiscal cliff" resolution, traders should use the strength to sell oil, a veteran trader told CNBC.
CHICAGO, Dec 4- U.S. corn futures fell on Tuesday amid slumping demand for U.S. exports, and wheat also weakened to extend a losing streak on technical selling. Yet soybean futures closed higher, after trading in negative territory for much of the day on improving weather in key growing areas of Brazil.
Gold could re-test this year's low after closing below the key $1,700 level, a veteran trader said Tuesday.
*Good crop weather forecast in Brazil. CHICAGO, Dec 4- U.S. corn and soybean futures dropped on Tuesday, pressured by improving weather for the crop in Brazil and slumping demand for U.S. exports, traders said. " Brazilian weather is about as close to perfect as you are going to get, "said Sterling Smith, futures specialist for Citigroup in Chicago."
NEW YORK/ LONDON, Dec 4- Cocoa futures tumbled about 3 percent as investors sold to collect profits on Tuesday, while concern about a large amount of cocoa failing grading at Liffe lifted the spot contract's premium to a five-month high.
The oil rally stalls, as crude falls 1 percent. has the rally in crude finally run out of steam, with CNBC's Jackie DeAngelis and the Futures Now Traders.
*Good crop weather forecast in Brazil. CHICAGO, Dec 4- U.S. corn and soybean futures dropped on Tuesday, pressured by improving weather for the crop in Brazil and slumping demand for U.S. exports, traders said. " In Brazil, some much-needed dry weather was expected through Thursday, giving farmers time to plant corn and soybeans.
Spot gold fell as low as $1,690.64 an ounce and was down 1 percent at $1,697.81 at 1454 GMT, while most-active U.S. futures contract were down 1.2 percent at $1,700.10, having earlier dropped to a near one-month low of $1,692.60.
*Cerberus may join Virtu bid for Knight Capital- WSJ. NEW YORK, Dec 4- U.S. stock index futures edged up in low volume on Tuesday as the market continues to be hostage to negotiations in Washington on how to avert a "fiscal cliff" that could push the U.S. economy into recession.