Markets To Watch Today
Live Cattle: On news that Japan is easing their ban on beef from the U.S., Live Cattle prices dropped slightly yesterday. Analysts say that exports of beef to Japan should gradually increase. August Live Cattle contracts dropped .80 cents, closing at 83.47 cents a pound.
Natural Gas: The forecasts calls for continued hot weather from most of the nation through most of next week. Traders say this is driving Natural Gas prices. A report from the Energy Information Administration said that seven billion cubic feet of Natural Gas was taken from storage, which also sparked trading for traders in Natural Gas. The August Natural Gas contract closed up 15.5 cents at $7.042 per MMBTu's, after reaching a high of $7.25 per MMBTu's.
Dollar: The Dollar was down slightly, even with reports of new home sales slowing more than analysts expected. A greater than anticipated increase in durable goods orders seemed to balance out the day for the Dollar, as well. The September Dollar contract closed at 85.63, down only 3.
Natural Gas: The forecasts calls for continued hot weather from most of the nation through most of next week. Traders say this is driving Natural Gas prices. A report from the Energy Information Administration said that seven billion cubic feet of Natural Gas was taken from storage, which also sparked trading for traders in Natural Gas. The August Natural Gas contract closed up 15.5 cents at $7.042 per MMBTu's, after reaching a high of $7.25 per MMBTu's.
Dollar: The Dollar was down slightly, even with reports of new home sales slowing more than analysts expected. A greater than anticipated increase in durable goods orders seemed to balance out the day for the Dollar, as well. The September Dollar contract closed at 85.63, down only 3.
posted by XPRESSTRADE, LLC at 7/28/2006 07:34:00 AM
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