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Tuesday, February 14, 2006

Markets To Watch Today!

Grains: Grain prices are poised to continue their bull run on the heels of President Bush's pledge to lower the US dependence on fossil fuels. His dedication to alternative fuels sources includes ethanol, which can be made from crops such as corn. Corn prices held steady yesterday, up 7% since January, closing at 220 ¾, down ½ for the session.

Gold: Gold prices are finding support this morning after Monday’s session closed with momentum to the downside continued from last week’s losses. April Gold is up $2.80 to $545.00 at 8:30 am CST.

Crude Oil: Crude Oil set a new settlement low for 2006 as geopolitical concerns dissipate and inventories continue to climb. The March contract closed at $61.24, down 60 cents for the session.