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Tuesday, February 28, 2006

Markets To Watch Today

Sugar: Sugar dropped to 5 week lows yesterday as commodity funds sold ahead of expiration. Lending pressure to this drop were losses in crude oil and gold. March slid 1.07 cents, closing at 16.55 and May only 1.07, to close at 16.74.

Copper: Preplaced sell orders were triggered after prices fell on front month Copper. Price dropped sharply, crossing important technical chart levels and sparking speculative commodity-fund selling. May Copper closed down 7.65 cents to 2.1305.

Crude Oil: Crude prices show signs of breaking below $60, as concerns over production problems seem to be subsiding, at least for the moment. Geo-political fears tend to outweigh the surplus in supplies. April Crude is trading at 60.50, down .50 at 9:20 am CST.