GM JULY15,8AM;FACTORS WEIGHING ON COMMODITIES MKTS AS OF NOW:1.FED STATEMENTS ON POSSIBILITY OF Q3 IN DUE COURSE IF ECONOMY SHOWS FURTHER STAGNATION,CONTRADICTORY STTS COMING FORM FED OVER LAST 2DAYS PULLS BACK EARLIER RISES ON WEDNESDAY 2.POSSIBILTY OF DOWNGRADES OF US ECONOMY BY MOODYS IF DEBT RESTRUCTURING NOT APPROVED BY CONGRES IN NEXT 2 MONTHS;IF NOT DONE US DOLLAR CLD GO DOWN FURTHER AND 3. EURO SOVERIGN DEBT ISSUES CONTINUE..