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Thursday, February 09, 2006

Futures Markets To Watch Today!

Sugar: Sugar, the other white fuel. It's not just an ingredient for making foods sweeter, exporters of sugar-cane are devoting more than half of their crops to ethanol production. President Bush called for increased investment in ethanol in his most recent State of the Union address, sparking awareness as the contract moves from a food crop to an energy crop. March Sugar closed at $19.07, up 27 cents for the session.

Gold: Gold bounces back after sustaining losses of over $21.00 this week. Some profit taking by the large funds triggered sell stops, but the overall uptrend remains intact. Gold is up $9 to $562.50 as of 8:49am CST.

Crude Oil: Crude Oil prices fell for the third straight day on the heels of the Energy Stocks report which revealed a small depletion in supplies. The decline was negated by a larger than expected increase in Gasoline inventories. March Crude was up 30 cents in overnight ACCESS trading to close at $62.85.