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Friday, February 24, 2006

Markets To Watch Today

Copper: Copper fell on news of rising inventories. Though Indonesian miners have caused production to cease in one of the world's largest copper mines, fund selling brought the contract substantially lower. The March contract lost 5.60 cents during yesterday's session, but has recovered 1.50 cents this morning, trading at 2.2200 as of 8:13am CST.

Crude Oil: Crude Oil fell as the EIA reported a gain of 1.1 million barrels yesterday. The 326.7 million barrel inventory is the highest level since June of last year. April Crude closed at 60.54 yesterday, down 47 cents but was trading at 62.01 on the overnight ACCESS session.

Sugar: Sugar prices fell yesterday as commodity funds took advantage of an early rally to secure profits. The March contract closed at 17.50, down 76 cents for the session, but opened higher this morning. March sugar is trading at 17.80, up 30 cents as of 8:22am CST.