Markets To Watch Today
Grains: Grain futures prices were pressured by good weather forecasts developing in the Midwest for corn and soybean crops. July Soybeans dropped 11 cents to $5.6950 a bushel and July Corn fell 5.25 cents to close at $2.23 a bushel.
Energies: Traffic along the Calcasieu Ship Channel in southwestern Louisiana has all but come to a halt. Two of the four refineries that use that channel are running at reduced rates, causing a boost to Gasoline and Crude Oil futures. July Unleaded Gasoline was up 5.12 cents, to close at $2.1788 a gallon. August Crude Oil closed 93 cents higher at $71.80 a barrel.
Dollar: As investors await the Fed rate decision, the Dollar is losing ground. Despite the unexpected increase of 4.6% in U.S. sales of new homes last month, the Dollar still struggles. Analysts state the weak Dollar is not due to any fundamental shift or news, but is a result of nervous investors awaiting the Fed meeting on Thursday. In yesterday's trading, the September Dollar contract was down 35, closing at 8610.
Energies: Traffic along the Calcasieu Ship Channel in southwestern Louisiana has all but come to a halt. Two of the four refineries that use that channel are running at reduced rates, causing a boost to Gasoline and Crude Oil futures. July Unleaded Gasoline was up 5.12 cents, to close at $2.1788 a gallon. August Crude Oil closed 93 cents higher at $71.80 a barrel.
Dollar: As investors await the Fed rate decision, the Dollar is losing ground. Despite the unexpected increase of 4.6% in U.S. sales of new homes last month, the Dollar still struggles. Analysts state the weak Dollar is not due to any fundamental shift or news, but is a result of nervous investors awaiting the Fed meeting on Thursday. In yesterday's trading, the September Dollar contract was down 35, closing at 8610.
posted by XPRESSTRADE, LLC at 6/27/2006 06:54:00 AM
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