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Tuesday, September 05, 2006

Markets To Watch Today

Sugar: Growers in the U.S. are expecting Sugar Cane harvests to be better than last years crops in the state of Louisiana. Analysts say Louisiana's cane tonnage is expected to be up 10%-15% from last year. They also stated that crops in Louisiana are at their lowest levels in the last 3 years, but the hope is for a recovery with sunny weather in September and October. The October Sugar contract settled down 41 on Friday at 11.39.

Dollar: The Dollar is not expected to make any dramatic moves this week. Traders are saying most of the reports that are due out all contain what is considered second tier data and are unlikely to provide much incentive for trading. The September Dollar contract settled on Friday at 8489, down 13 points.