Markets To Watch Today
Corn: Hotter weather in the Midwest has pushed up prices in Corn futures yesterday. The National Oceanic and Atmospheric Administration predicts areas in the Dakotas, Nebraska, Wyoming, and Iowa will be expanding their dry areas. July corn rose 6.75 cents, closing at $2.4775 cents a bushel. The December contract was also up 6.75 cents, closing at $2.7250.
Live Cattle: Live Cattle futures prices were sluggish yesterday, as prices paid for physical cattle were lower than anticipated. News from Canada that they are testing brain samples of a dairy cow, suspected to have mad-cow disease, did not impact the market in yesterday's trading. August Live Cattle fell 1.12 cents to 84.20 cents a pound.
Crude Oil: Optimism that Iran may actually make a deal regarding its nuclear program resulted in dropping Crude Oil prices yesterday. Although Iran has said they will not make any decisions until next month, the EU is hopeful to hear a response today on a package presented to them full of incentives to end their standoff. August Crude Oil dropped 48 cents, closing at $73.61.
Live Cattle: Live Cattle futures prices were sluggish yesterday, as prices paid for physical cattle were lower than anticipated. News from Canada that they are testing brain samples of a dairy cow, suspected to have mad-cow disease, did not impact the market in yesterday's trading. August Live Cattle fell 1.12 cents to 84.20 cents a pound.
Crude Oil: Optimism that Iran may actually make a deal regarding its nuclear program resulted in dropping Crude Oil prices yesterday. Although Iran has said they will not make any decisions until next month, the EU is hopeful to hear a response today on a package presented to them full of incentives to end their standoff. August Crude Oil dropped 48 cents, closing at $73.61.
posted by XPRESSTRADE, LLC at 7/11/2006 06:16:00 AM
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