Markets To Watch Today
Crude Oil: Recent storm activity in the Caribbean raises a possibility of a hurricane passing through the Gulf of Mexico. This has caused some concern among traders and pushed prices up in Crude Oil yesterday. The October Crude Oil contract closed up 60 cents at $72.36 a barrel.
Wheat: Dryness in the wheat growing areas of Australia and Argentina and also concerns of an overall lower world production estimate caused Chicago Wheat prices to fall yesterday. The front month September Wheat contract closed up 9.5 cents at $3.7550 a bushel.
Dollar: Even with weaker than expected U.S. durable goods orders and housing data, the Dollar rallied yesterday. The durable goods numbers were brought down by a drawback in demand for aircraft equipment rather than the typical drop in demand for all categories. This was not enough to stop the Dollar's recovery from losses earlier this month. The September Dollar contract closed up 20 at 85.17.
Wheat: Dryness in the wheat growing areas of Australia and Argentina and also concerns of an overall lower world production estimate caused Chicago Wheat prices to fall yesterday. The front month September Wheat contract closed up 9.5 cents at $3.7550 a bushel.
Dollar: Even with weaker than expected U.S. durable goods orders and housing data, the Dollar rallied yesterday. The durable goods numbers were brought down by a drawback in demand for aircraft equipment rather than the typical drop in demand for all categories. This was not enough to stop the Dollar's recovery from losses earlier this month. The September Dollar contract closed up 20 at 85.17.
posted by XPRESSTRADE, LLC at 8/25/2006 06:21:00 AM
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