Markets to Watch Today
Crude Oil: October Crude Oil futures fell for the seventh straight day, as prices dropped below $64 a barrel. This is the lowest settle-price in Crude Oil since March. Tuesday’s decline was a continuation of the same factors: easing Mid-East tensions, along with a tame hurricane season thus far. The October Crude Oil contract fell $1.85, to settle at $63.76 a barrel.
Corn: Corn futures fell yesterday, as the Agriculture Department said this year’s fall harvest is likely to be the second largest U.S. Corn crop ever. The nearby September Corn contract declined 5.25 cents, to settle at $2.2350 per bushel. The December contract, representing harvest, fell 5.75 cents, to settle at $2.3775 per bushel.
Gold: December Gold futures fell for the fifth straight day, unable to hold on to early gains. The main factors continue to be declines in Crude Oil, aided by short-term speculative selling. December Gold futures closed down $3.00 at $594.30 a troy ounce.
Corn: Corn futures fell yesterday, as the Agriculture Department said this year’s fall harvest is likely to be the second largest U.S. Corn crop ever. The nearby September Corn contract declined 5.25 cents, to settle at $2.2350 per bushel. The December contract, representing harvest, fell 5.75 cents, to settle at $2.3775 per bushel.
Gold: December Gold futures fell for the fifth straight day, unable to hold on to early gains. The main factors continue to be declines in Crude Oil, aided by short-term speculative selling. December Gold futures closed down $3.00 at $594.30 a troy ounce.
posted by XPRESSTRADE, LLC at 9/13/2006 06:37:00 AM
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