RTRS: Oil seen falling to $35; grains/gold stdy-analysts
CHICAGO, July 21 (Reuters) - Crude oil prices may fall to $35 a barrel by the end of 2009 on expectations for the dollar to strengthen while corn, wheat and soybeans are expected to trade near current levels, commodity analysts said on Tuesday.
Phil Flynn, senior market analyst with PFGBest's Research, told a commodities outlook meeting at the Chicago Board of Trade, a CME Group CME.0 unit, that NYMEX crude oil could slip to $35 from $65 in the coming months if the economy and the dollar strengthen.
CBOT corn, soybean, and wheat prices will likely keep within current ranges, said Jack Scoville, analyst with the Price Futures Group in Chicago.
Archer Financial Services analyst Stephen Platt sees COMEX copper prices falling to $1.80 to $2 per lb by the end of 2009, from the current price near $2.50 amid easing Chinese demand for copper. Platt sees gold at $930 to $940 an ounce, underpinned by investors' demand for a safe haven.
(Reporting by Sam Nelson, writing by Christine Stebbins; Editing by Lisa Shumaker)
