Markets To Watch Today

Crude Oil: Crude Futures fell yesterday after the International Energy Agency reduced its 2006 Global oil demand forecast and noted that crude oil stocks are at their 20 year highs for developed countries. Front month, July Crude Oil contract closed down $1.80, at $68.56 a barrel. Overnight night crude trading only saw a high of $68.98 last night.

Lean Hogs: As meat packers bid on tight supplies, traders bought back previously sold positions in Lean Hogs yesterday. June Lean Hogs closed up 1.57 cents, at 75.10 cents a pound.

Metals: Metals prices across the board dropped yesterday on selling pressure brought on by multi-decade highs hit earlier this spring, in turn affecting most of the commodities markets. Metals prices will continue to drop as global investors downgrade their expectations on global growth in response to recent interest hikes both in Europe and the U.S. Front month June Gold was down $44.30, closing at $562.50 an ounce. August Gold lost $44.50 to close at $566.80 an ounce. Front month July Silver dropped 37%, closing at $9.625 and July Copper fell 25.5%, closing at $3.0105 per pound