Markets to Watch Today
Crude Oil: A decrease in supply worries led October Crude Oil futures to close at five-month lows yesterday. With a mild hurricane season, coupled with no recent escalations to the situation in Iran, traders continue to sell below the significant $70 a barrel mark. October Crude Oil futures closed down $1.10 at $67.50 a barrel.
Wheat: December Wheat futures slid yesterday, brining the contract down from its six-week highs. Wheat had been in a sustained rally, stemming from global production worries. Yesterday’s drop-off was simply overdue, according to Brian Hoops of Midwest Market Solutions. The December Wheat contract closed down 5 cents at $4.17 a bushel.
Gold: December Gold Futures fell on Wednesday at the New York Mercantile Exchange. Profit-taking, coupled with a firm Dollar were attributed to the sell-off. The contract still remained in Tuesday’s trading range yesterday, unable to make a significant move. December Gold settled down $5.10 at $641.80 a troy ounce.
Wheat: December Wheat futures slid yesterday, brining the contract down from its six-week highs. Wheat had been in a sustained rally, stemming from global production worries. Yesterday’s drop-off was simply overdue, according to Brian Hoops of Midwest Market Solutions. The December Wheat contract closed down 5 cents at $4.17 a bushel.
Gold: December Gold Futures fell on Wednesday at the New York Mercantile Exchange. Profit-taking, coupled with a firm Dollar were attributed to the sell-off. The contract still remained in Tuesday’s trading range yesterday, unable to make a significant move. December Gold settled down $5.10 at $641.80 a troy ounce.
posted by XPRESSTRADE, LLC at 9/07/2006 06:23:00 AM
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