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Monday, June 05, 2006

Markets To Watch Today

Palladium: Palladium has gained popularity in China and looks to be finding a market in the US. While sales are still small compared to the other white metals, Palladium's price, purity and color make it an attractive alternative to the higher priced Platinum. August Palladium is trading at $364.00, up $5.64 this morning.

Copper: Copper is falling, as labor disputes become resolved and supplies look to be capable of keeping up with growing global demand. As a rest, the metals are trading higher and Copper is the lone loser at this time. August Copper is trading at $3.55, down 1.95 cents this morning.

Lean Hog: Lean Hog positions as of May 30, show non-commercial spreads are at 47,056 contracts, as they prepare for the Goldman roll that will officially begin on June 7 and end June 14. The roll consists of non-commercial traders "rolling" some of their July long positions into the August contract, in association with the Goldman Sachs Commodity Index. July Lean Hogs closed Friday's session at 68.90, while August is trading at 67.55.