Markets To Watch Today
Crude Oil: Energy futures posted sharp losses yesterday, as a surprising storage build in U.S. Gasoline supplies, overshadowed concerns of a possible nuclear standoff between Iran and the UN. October Crude Oil fell $1.34 to close at $71.76, and September Unleaded Gasoline plunged nearly 8 cents to close at $1.8594.
Corn: Reports of "disappointing" Corn yields in Indiana and Illinois, along with better than anticipated export business, shot Corn prices higher. Nearby September Corn closed at $2.23 1/2, up 4 cents and new-crop December Corn closed at $2.40, up 4 cents.
Sugar: Solid cash market business by Middle Eastern and North African buyers ahead of the month-long Ramadan observance, coupled with continuing dry weather in the heart of the cane growing regions of Brazil, had Sugar traders in a buying mood. October Sugar posted gains of 0.35 cents to close at 12.41 cents yesterday.
Corn: Reports of "disappointing" Corn yields in Indiana and Illinois, along with better than anticipated export business, shot Corn prices higher. Nearby September Corn closed at $2.23 1/2, up 4 cents and new-crop December Corn closed at $2.40, up 4 cents.
Sugar: Solid cash market business by Middle Eastern and North African buyers ahead of the month-long Ramadan observance, coupled with continuing dry weather in the heart of the cane growing regions of Brazil, had Sugar traders in a buying mood. October Sugar posted gains of 0.35 cents to close at 12.41 cents yesterday.
posted by XPRESSTRADE, LLC at 8/24/2006 07:01:00 AM
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