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Monday, May 01, 2006

Markets To Watch Today

Sugar: Sugar growers, who have been limited in their ability to sell for human consumption, are looking at Ethanol to increase sales. The industry is waiting on the results of feasibility study to be released in early July. July Sugar is currently trading at 17.65, up 0.22 for this morning.

Metals: Metals maintain price action. Comex metals are all trading higher this morning, as investor interest continues to climb. June Gold is trading at 663, up $8.50 this morning. July Silver is trading at 14.000, up 3.70 cents this morning. June Copper is trading at 3.3450, up 6.20 cents this morning.

Grains: The CBOT reports in its Commitment of Traders Report that Large Non-Commercial traders have added to their Long Oat positions and scaling back on their long Corn position. July Corn closed at 249.50, up 0.50 in the overnight electronic market. July Oats closed at 190.00, down 0.50.