Crude oil futures set a new high for the year, as the International Energy Agency made a rare upward revision to its 2009 world oil demand forecast. Light, sweet crude oil for July delivery recently traded 56 cents, or 0.8%, »

SUPERIOR, Neb. (Dow Jones)–Cash corn basis has exhibited consistent strength this week, with domestic premiums appreciating by an average of about 2 1/2 cents per bushel, nationwide. Those gains have been insufficient to halt an erosion in cash prices, caused by a decline of over 8 cents in July Chicago Board of Trade... »

Eastern Midwest rain, continued cool central U.S. temperatures, warmer conditions for next week, periodic showers in China, no change from the Argentina dry-weather trend, some strengthening of the India monsoon, and hot weather building in Ukraine are the main weather items for the commodity trade's attention Thursday. »

U.S. wheat futures are poised to start firmer Thursday on supportive signals from outside markets and in a recovery from Wednesday's losses. Chicago Board of Trade July wheat is called to open 3 to 7 cents higher per bushel. »

Chicago Board of Trade corn futures are poised to climb on Thursday's open following overnight gains in a rebound from Wednesday. Corn is called 2 to 4 cents higher. In overnight trade, July corn was up 3 3/4 cents to $4.39 1/2 per bushel, September corn was up 3 cents to $4.47 3/4 and »

Chicago Board of Trade soybeans are expected to open higher Thursday as the market continues to get strength from bullish old crop fundamentals, analysts said. Soybeans are called 5 to 10 cents higher. In overnight trading, July soybeans »

The European Union is expected to agree Friday to strengthen rules on emergency oil stocks and to publish data on commercial stocks every month, in an effort to increase both its readiness for any potential energy crisis and transparency in the commodities market. »

1233 GMT India June wheat futures end marginally down at INR1,089 vs last close of INR1,090.40 amid thin volume of 720 tons vs average daily volume of 1,200 tons. “The dull session persisted on a lack of any fresh triggers. The only factor to support prices is any ease on the wheat export ban... »

South African white corn futures ended lower Thursday, driven by a fall in prices on the Chicago Board of Trade. The in-delivery June corn contract fell 9 rand to ZAR1,557 a metric ton, July »

CBOT grain and soybean futures rose in overnight electronic trading with support from outside markets and worries about weather, a floor analyst says. »

Oil bubbles back. And an oil bull is charging again … but mainly at gold. Oil traded above $71 a barrel Wednesday, a seven-month high. Its surge is even being blamed for the stock market’s softness over the last several days. And this is something of a vindication for... »

LONDON (Dow Jones)–Crude oil futures traded above $72 a barrel to their highest levels since October Thursday after the International Energy Agency revised its outlook for global oil demand upwards for the first time in 10 months. Emergence of gentle signs that an uptick in economic activity is breathing some life back into oil... »

"Spot prices also picked up on worries over a week-long monsoon lull which may delay sowing," says Ashish Tapadia, analyst at Sushil Global Commodities; local prices at Indore up INR17 at INR2,545. »

Lowest known offers at 1330 local time in U.S. dollars a metric ton, bulk, with changes on the day unless otherwise stated as quoted by European traders: »

Lowest known offers at 1330 local time in U.S. dollars a metric ton, bulk, with changes on the day unless otherwise stated as quoted by European traders: »

Lowest known offers at 1315 local time in U.S. dollars a metric ton, CIF Rotterdam as quoted by European traders. »

July corn on Wednesday closed lower and near the session low. The key "outside markets" were mostly bearish for the corn futures market, as the U.S. stock indexes were lower and the U.S. dollar was higher. Wednesday's »

July soybeans on Wednesday closed slightly higher, near mid-range and did poke to another fresh eight-month high. The key "outside markets" were mostly bearish for the soybean futures market »

MUMBAI (Dow Jones)–India’s annual monsoon rains for the week ended June 10 were 37% below normal, the India Meteorological Department said Thursday. The rainfall stood at 17.5 millimeter compared with normal rains of 27.8 mm during the period, the department said on its Web site. India’s rains, currently in a weak phase,... »

European wheat futures trade lower on continued long liquidation, says London-based broker. "It's had a pretty good shake out," but participants remain nervous about the future direction of the market, says broker. Adds everyone is waiting for harvest and until the crop comes in, »