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Wednesday, March 22, 2006

Markets To Watch Today

Orange Juice: Orange Juice climbed above 14 year highs yesterday as a study was released indicating the Florida citrus industry may fall victim to citrus greening, citrus canker and urban development over the next 15 years. A forecast for a heavy hurricane season also contributed to higher prices. May Orange Juice closed at 1.4300 up 3.7 cents for the session.

Crude Oil: Crude Oil futures for the month of April expired yesterday, settling at $60.57. A rally in Heating Oil seemed was the catalyst in keeping Crude above the $60 support level. The EIA Energy stocks report will be released shortly. The new front month May contract is currently trading at $62.18.

Dollar: The Dollar got a boost on comments from Federal Reserve Chairman Ben Bernanke and the release of a report that revealed increasing inflationary pressure on the US economy. The June Dollar Index is trading at 89.31, up .05 in this morning's trading.