Markets To Watch Today
Coffee futures fell to the lowest point since the end of last year, as funds sold on the news that the 2006-07 harvest has begun. Brazil, the top coffee producing country, has picked 10% of the new crop, which is expected to bring new beans to the market as early and June. July Coffee closed at 98.65 cents, down 1.15 cents for the session.
Orange Juice prices climbed yesterday, on the strength of significant outside markets. Rumors that government estimates are very optimistic and the Florida crop will be much less than expected gave OJ bulls upward momentum. July Orange Juice closed at $1.5975, up 6.85 cents for the session.
Crude Oil continues to hover around the $71 dollar mark, as we enter the summer driving season. Increased volatility and bullish technicals helped support news of possible hiccups in refinery production, which push Gasoline and the entire energy complex higher. July Crude is trading at $71.00, down 32 cents in the overnight market.
Orange Juice prices climbed yesterday, on the strength of significant outside markets. Rumors that government estimates are very optimistic and the Florida crop will be much less than expected gave OJ bulls upward momentum. July Orange Juice closed at $1.5975, up 6.85 cents for the session.
Crude Oil continues to hover around the $71 dollar mark, as we enter the summer driving season. Increased volatility and bullish technicals helped support news of possible hiccups in refinery production, which push Gasoline and the entire energy complex higher. July Crude is trading at $71.00, down 32 cents in the overnight market.
posted by XPRESSTRADE, LLC at 5/26/2006 07:23:00 AM
<< Home