Commodities: Oil price forecasts still coming off

By Reuters Staff
September 8, 2008
crude | meat | oil | USDA

Oil derricks are silhouetted. October 16, 2005. REUTERSHurricane Ike kept oil prices ahead Monday as the storm barrels toward southern Florida but the wider trend on crude prices is less clear. Credit Suisse cut its third quarter 2008 U.S. crude oil forecast to $120 per barrel and fourth quarter forecast to $110 per barrel.

Here are some of the stories Reuters is watching today in other commodities markets.

  • USDA issues crop progress report of year
  • Day 1 of Consumer Federation of America, Grocery Manufacturers conference on food prices. Agenda is here
  • National Farmers Union annual Fall Fly-In begins. Appearances by USDA officials including Agriculture Deputy Secretary Chuck Conner expected. More
  • Mexico suspended meat exports to allow checks to comply with U.S. sanitary regulations (Sep 5)

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