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Wednesday, August 30, 2006

Markets to Watch Today

Crude-Oil: Crude futures closed at their lowest level since June 20, as Tropical Storm Ernesto continued to veer away from the Gulf of Mexico. The October Crude Oil contract fell 0.90 cents to settle at $69.71 a barrel.

Cotton: Cotton futures rose slightly on speculative buying yesterday. Expected rainfall coming from Tropical Storm Ernesto was attributed to the buying efforts. October Cotton gained 0.17 cents to settle at 53.35 cents a pound.

Sugar: Sugar futures fell to nine-month lows yesterday. The speculative selling was based on expected damage to Florida’s cane fields from Tropical Storm Ernesto. The October Sugar contract fell 0.25 cents to close at 11.88 cents a pound.