Closing Commodities: Crude Oil Sells Off, Erasing Gains
* Grains extended losses today, largely driven by yesterday's USDA reports (annual acreage report and quarterly grain stocks report)
* Sept corn fell 2 cents to $4.15/bu, Sept wheat fell 4 cents to $5.72/bu
* Crude oil sold off in afternoon trading, erasing all of its gains and closing one cent lower at $105.36/barre
* Aug natural gas lost one cent and finished at $4.46/MMbtu
* Gold and silver held gains. Aug gold rose $3.30 to $1325.60/oz, while July silver rose $0.08 to $21.11/oz
* July copper ended flat at $3.20/lb