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Friday, March 10, 2006

Markets To Watch Today

Unleaded: Gasoline futures explode causing hedgers to deal with extreme volatility during this transitional period. The traditional 22-year old Unleaded contract will be phased out and replaced with a new one based on Oxygen blending. The April unleaded contract closed at 1.7201, up 0.0699 for the session.

Silver: Silver rose yesterday as bargain hunters entered the market and it looks like they are exiting today. May Silver is trading at 9.780, down 18 cents as of 8:38 am CST.

Corn: Corn made modest gains yesterday on supportive export numbers. Some positioning was being made ahead of today's Supply and Demand report. May Corn closed at 232, up 4 for the session.