Markets To Watch Today

Soybeans: The weather this week has agreed with crops in the Midwest and is proving to be beneficial, causing prices to drop in Soybean futures. The November Soybean contract, which represents the fall harvest, hit is lowest price since March of 2005, dropping 5.75 cents, closing at $5.7625 a bushel. Front month August Soybeans also dropped 5.75 cents, closing at $5.575.

Crude Oil: Crude Oil futures fell in yesterday's trading on news that the BP, who operates the Prudhoe Bay Pipeline, may be able to make parallel repairs on the damaged part of the pipeline without taking down the entire operating system. Analysts say that BP is more optimistic than before, although traders are still wary of the long-term outlook. The September Crude Oil contract reached as high as $77.45 before falling 67 cents, closing at $76.31 a barrel.

Dollar: The Dollar was volatile yesterday and has fought back after the Fed Announcement that interest rates will remain unchanged. This is not uncommon, as traders typically adjust their positions once the announcement has been made. The September Dollar contract dropped 5 points closing at 84.48.