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Wednesday, February 22, 2006

Markets To Watch Today!

Crude Oil: Crude oil prices spike with Nigerian rebels successfully disrupting production, as promised. Nine foreign oil workers have been abducted while pipelines and loading facilities continue to be targets. April Crude Oil closed at $62.74, up $1.45 but fell some on the overnight session.

Soybeans: Soybean prices took a hit as much needed rain fell upon the Argentine soy belt and concerns over the effects of bird flu on European demand for feed. March Beans closed at 587 ½, down 13 ¾.