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Tuesday, August 29, 2006

Markets To Watch Today

Orange Juice: Fears that Tropical Storm Ernesto might strike parts of the Florida citrus growing region sent O.J. futures higher. September Orange Juice closed at 184.55, up 1.30.

Coffee: Welcomed precipitation fell in some of the dryer regions of Brazil over the weekend, causing Coffee bulls to liquidate long positions. September Coffee closed at 103.20, down 3.00.

Crude Oil: Good news for O.J. bulls was not so welcomed by those holding long positions in Crude Oil, as Ernesto's track away from the energy production areas of the Gulf, caused a sharp sell-off in the energy complex. October Crude Oil dropped 1.90 to close at 70.61.