Wheat may decline for the first time in four days as the winter-wheat crop condition in the U.S. improved, reducing risks of yield losses in the world’s largest shipper. Corn was little changed.
Crude oil rose for a fifth day on speculation demand will increase as the world economy recovers from recession.
Copper climbed from the lowest level in almost three weeks as concern over weakening demand eased after economic growth in China, the world’s largest consumer, met expectations.
Oil rose in New York as speculation U.S. fuel demand will increase prompted investors to buy contracts after prices fell to the lowest in four months.
Oil rose for a third day as signs of an improving U.S. economy and progress on a bailout for Greece bolstered the outlook for fuel demand.
Corn advanced for a third day on signs last week’s slump to the lowest price in three months lured buyers and on concerns rains may flood recently planted crops in central China, the world’s second-largest consumer of the grain.
"People are looking at the good harvests and good conditions for crops in the U.S. planting areas."
- Tetsu Emori on Jul 10, 2014