Markets To Watch Today
Sugar: Recent Global Sugar deficits will soon be turned into surpluses, and even more production is expected worldwide. This change in Sugar caused prices to drop yesterday to 8 month lows, falling 6.5%. The October Sugar #11 futures contract dropped .86 cents, closing at 12.50 cents a pound.
Natural Gas: Prices in Natural Gas contracts fell to lows that have not been seen since before the recent heat waves across the country. The September Natural Gas contracts dropped 35 cents, settling at $6.913 MMBTu's.
Crude Oil: Two recent developments, the cease fire in the Mideast and word from BP PLC that operation in Prudhoe Bay will continue at least by half, have started sending Crude Oil prices below the $73 a barrel price. Crude Oil prices fell as much as $1 a barrel, to $72.60 in yesterday's trading. The September Crude Oil contract fell 82 cents, closing at $73.53 a barrel.
Natural Gas: Prices in Natural Gas contracts fell to lows that have not been seen since before the recent heat waves across the country. The September Natural Gas contracts dropped 35 cents, settling at $6.913 MMBTu's.
Crude Oil: Two recent developments, the cease fire in the Mideast and word from BP PLC that operation in Prudhoe Bay will continue at least by half, have started sending Crude Oil prices below the $73 a barrel price. Crude Oil prices fell as much as $1 a barrel, to $72.60 in yesterday's trading. The September Crude Oil contract fell 82 cents, closing at $73.53 a barrel.
posted by XPRESSTRADE, LLC at 8/15/2006 06:17:00 AM
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