Markets to Watch Today

Crude Oil: October Crude Oil futures fell for the sixth straight day, as prices dropped below $66 a barrel. This is the lowest settle-price in Crude Oil since March. Monday’s decline was attributed to easing Mid-East tensions, as Iran said it would consider halting its uranium enrichment program. Also contributing to the decline was OPEC’s announcement that they will maintain their 28 million barrel-a-day production target. The October Crude Oil contract fell 64 cents, to settle at $65.61 a barrel.

Wheat: September Wheat futures fell yesterday, as traders await Tuesday’s U.S. crop production and supply-demand reports. Expectations are that the USDA will lower world wheat production when it issues its September crop report Tuesday. These expectations led to a broad based sell-off in the grains. September Wheat futures fell 2 ½ cents, to settle at $4.13 ½ cents per bushel.

Gold: December Gold futures fell for the fourth straight day, this time breaking the psychologically important $600 mark. This is the first time since late June Gold has settled below $600. The main factors continue to be the recent rise in the Dollar, coupled with declines in Crude Oil. December Gold futures closed down $20.00 at $597.30 a troy ounce.