1. Chicago corn and soybean futures also retreated after early gains. 2. Corn, soft red winter wheat and soybean futures retreated slightly Thursday in sluggish, technical-driven activity at the Chicago Board of Trade. 3. Crude oil futures retreated as Hurricane Danny moved away from U.S. production and import centers in the Gulf of Mexico, ending speculation that supplies would be disrupted. 4. Gold futures retreated from early gains as investors sought other investments as a refuge from plunging global stock markets. 5. Heating oil and palladium futures retreated. 6. In NEW YORK, coffee futures retreated amid expectations that the surge in prices to an almost three-year high yesterday will attract greater imports to the U.S. 7. Oil and natural gas futures could retreat next week as mild weather across the U.S. reduces demand for heating fuels. 8. Wheat futures retreated on news that the Agriculture Department rejected bids from Algeria, Yemen, Pakistan and Egypt for U.S. wheat at subsidized prices. 9. Wheat futures retreated on talk of rain to the Argentina crop and the potential for a sharp increase in U.S. winter wheat planting. 10. Other grain and soybean futures also retreated as traders took profits from recent gains. |