Markets To Watch Today

Crude Oil: Crude Oil futures jumped up yesterday, on the threatening words of Iran's Supreme leader, Ayatollah Ali Khamenei, who declared energy shipments through the Strait of Hormuz would be seriously jeopardized if the U.S. and its allies try to punish Iran for its nuclear activities. It appears the market got nervous, but the words could not sustain the rally. July Crude is trading at 72.22, down 38 cents this morning.

Corn: Corn prices fell, as forecasts of better precipitation for developing crops in the Midwest were released to today. July Corn closed at 251.75, down another 1.75 in overnight trading. December Corn, representing the fall harvest, closed at 277.25, down another 1.50 on the eCBOT.

Coffee: Coffee futures fell yesterday, as bulls in the market had anticipate a frost to do some damage to some of Brazil's coffee-growing regions over the weekend. The area escaped unharmed, pushing the market lower. July Coffee closed at 98.45, down 2.8 cents for the session.