Paul Volcker's retirement as chairman of the Federal Reserve triggered immediate inflation Tuesday fears on many of the nation's futures markets.
Grain and soybean futures prices retreated sharply Wednesday on forecasts that parts of the Midwest would get some relief this week from hot, dry weather.
Precious metals futures plunged sharply Tuesday with silver losing as much as 70 cents an ounce on the Commodity Exchange in New York.
Surging gasoline prices led a rally in petroleum futures Wednesday on the New York Mercantile Exchange.
Petroleum futures prices rallied Tuesday on the New York Mercantile Exchange as concern about tightening supplies and low production encouraged buying.
Energy futures prices advanced sharply Friday on word that most OPEC members had agreed in principle to oil production cuts.
Futures prices for gold, silver and platinum plunged Friday on the Commodity and Mercantile Exchanges in New York.
Rallies in most grain and livestock futures markets revived some inflation fears Thursday and helped send precious-metals prices higher, analysts said.
Energy futures prices moved higher on the New York Mercantile Exchange on Thursday as traders watched for news out of the Vienna meeting of the Organization of Petroleum Exporting Countries.
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