Futures Markets To Watch Today!

Sugar: Sugar climbed to 25-year highs, breaking the $19 barrier and pushing for $20. With crude prices in the high 60's, more cane is devoted to the production of ethanol, reducing sugar output. Demand for sugar has surged with recent global economic growth and the world sugar market is in its third straight year of lower inventories. March sugar closed at $19.15, up 86 cents for the session.

Crude Oil: Crude Oil futures plunged on news the US will not immediately seek sanctions on Iran over their nuclear ambitions. The IAEA has referred Iran's case to the UN Security Council in an effort to resolve this standoff diplomatically. March Crude closed at $64.68, down $1.88 for the session.

High Grade Copper: Copper continues its bull run and maintains record highs, fueled by speculative buying and tight supplies. March Copper closed at $2.309, up 6 cents for the session.