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.
*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.
*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.
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.
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.
*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.
*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.