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Monday, May 08, 2006

Markets To Watch Today

Copper: Copper is trading lower on news of increases in current stockpiles. Speculation that the threat of striking workers across the globe may be behind the industry and future supplies will increase may finally stall this runaway bull market. June Copper is trading at 3.52, down 2.45 cents this morning.

Crude Oil: Crude prices have fallen on the overnight market to open lower this morning. The current high prices have been a product of capacity shortage and geopolitical concerns. June Crude is trading at 68.80, down 1.39 this morning.

Energies: High Crude prices have caused farmers to change crop choices based on efficiency. Because soybeans require fewer trips across the field, they have become the chosen crop over energy-intensive corn. July Beans closed at 602 in overnight trading, down 4 1/2. July Corn closed at 238 1/4, down 2 1/4.