Markets To Watch Today
Energies: Oil prices fell yesterday on news of an Iranian attempt at diplomacy in the form of a letter to the US, addressing increased tensions between the two nations. The letter, promising "new solutions" seemingly gave little insight to Iran's intentions and was no more than a critique of US policy. June Crude closed at 70.01, up 24 cents in overnight trading.
Corn: Corn prices fell as clear weather has allowed farmers to plant an abundant fall harvest. This past weekend was the last prime planting weekend and optimal conditions enabled advantageous planting conditions. Crops planted in late May historically do not produce the same yields as earlier in the month. July Corn closed at 2.40 on the overnight market, up 3 cents for the session.
Gold: Gold futures dropped slightly on the news of Iran's perceived goodwill and lower Crude prices. Today the metal is pushing it's way toward the $700 mark. June Gold is currently trading at $692.30, up $12.30 this morning.
Corn: Corn prices fell as clear weather has allowed farmers to plant an abundant fall harvest. This past weekend was the last prime planting weekend and optimal conditions enabled advantageous planting conditions. Crops planted in late May historically do not produce the same yields as earlier in the month. July Corn closed at 2.40 on the overnight market, up 3 cents for the session.
Gold: Gold futures dropped slightly on the news of Iran's perceived goodwill and lower Crude prices. Today the metal is pushing it's way toward the $700 mark. June Gold is currently trading at $692.30, up $12.30 this morning.
posted by XPRESSTRADE, LLC at 5/09/2006 08:30:00 AM
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