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Monday, March 13, 2006

Markets To Watch Today

Cocoa: Cocoa is trading lower on speculative selling. London Cocoa finished the session down and news of negotiations on a new Cocoa plant in Ghana is a having bearish influence. The most active May contract is trading at 1461, down 10 for the session.


Sugar: Sugar is down this morning as speculators seem to be liquidating long positions. The estimates for the Brazilian crop production have been increased as traders feel out the impact of the U.S.-Central American Free Trade Agreement. May Sugar is trading at 1659, down 9 for the session.


Crude Oil: Crude Oil is up on the open as concerns about potential oil-supply disruptions trumping substantial US petroleum-inventory levels. Traders are keeping a close eye on situations in Iran and Nigeria. April Crude is trading at 6050, up 54 for the session.