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Friday, June 30, 2006

Markets To Watch Today

Copper: Labor shortages at Copper mines globally, as well as some bullish technical chart signals, pushed copper prices up yesterday. July Copper was up 13 cents, closing at $3.4230 per pound.

Live Cattle: Traders taking profits ahead of contract expiration on the June contract and strong grain prices pressured Live Cattle contracts in yesterday's trading. June Cattle dropped 2.40 cents, closing at 83.85 cents per pound.

Energies: Gasoline prices skyrocketed to their highest prices since last summer's+ hurricane season. Several refineries are still reporting concerns about supplies in what is expected to be a very strong driving season. July Unleaded Gasoline contracts reached as high as $2.30, however settled 8.89 cents higher on the day at $2.2948 a gallon.The rally in Gasoline has pushed Crude Oil contracts higher, as well. August Crude Oil was up $1.33 a barrel, closing at $73.52.