Markets to Watch Today

Crude Oil: U.S. data is expected to show that current crude oil stockpiles have decreased since production at Prudhoe Bay was partially shut-down. This expectation was the cause of falling prices in Crude Oil yesterday. The September contract closed down 48 cents, at $73.05 a barrel.

Wheat: Traders with the thought of lower global Wheat prices bought contracts yesterday, pushing the price of the Chicago Wheat Futures contract up. Traders that recently took a hit found that this was the time to get back in the market. The September Wheat contract closed up 2.75 cents at $3.7675

Gold: U.S. inflation data is reportedly pressuring Gold futures, as it fell to its lowest price in 3 weeks. Gold prices dropped after news that wholesale core inflation fell in July unexpectedly, and that overall wholesale prices came in below expectations which gives investors the thought that inflation pressures are easing up. The December Gold contract closed down $6.40 at $632.90.