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Thursday, February 23, 2006

Markets To Watch Today

Crude Oil: Crude Oil fell yesterday on expectations of a growing surplus to be reported today. The EIA Energy Stocks report will be released at 9:30am CST. The April contract is trading at 60.75, down 21 cents as of 9:15am CST.

Soybeans: Soybeans continued on their decline as Argentine crops flourish in much needed and well timed rainfall. Multiple Bird flu cases in Europe lead to feed demand concerns. March Beans closed at 570, down 13 ½ for the session.

Sugar: Sugar found buyers large and small yesterday, as recent weakness has brought the funds back to the table, with producers forced to do some short covering. The March contract gained 58 cents yesterday and is up another 19 cents today, trading at 18.45 as of 9:24am CST.