Forecasts of milder temperatures has triggered spec selling in nearby natgas futs (-4.7%) while heating oil is off 0.5%. In contrast, crude oil futs continued to press higher (+0.8% to $29.70) ahead of next week's OPEC meeting and expected cut in oil output of at least 1.5% mln bbls/day.
Elsewhere, corn (-2.7%) is pacing the dec line in the grains complex while the industrial are mixed (copper up vs lower cotton). Note that lumber futs (not in CRB) remain at contract lows and off 19% since last Dec alone. Only the softs, led by a 3.5% rise in cocoa) are showing broad gains today within the CRB.