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Tuesday, March 28, 2006

Markets To Watch Today

Energies: The CME is poised to introduce its own line of energy products. On June 17th of this year, the Merc's non-compete agreement with Nymex is set to expire. Although no official announcement has been made, look for more information to be released over the next couple of months.

Silver: Silver continues to climb as the market awaits final regulatory approval of Barclay's Silver ETF. Buyers have flooded the market recently in anticipation of the SEC's approval. May Silver is currently trading at 10.895, unchanged as of 8:43 am CST.

Sugar: Sugar prices reached a 3-week high yesterday as traders rolled positions from the May to the July contract. Trade houses and speculative funds continue to support the contract. May Sugar is trading at 17.83, up 0.35 cent as of 8:48 am CST.