Markets To Watch

Crude Oil: November Crude Oil contracts are trading slightly higher in pre-market activity, as the contract holds above the $60 a barrel mark. Traders continue to anxiously await an OPEC meeting later in the week. The meeting will center on production cuts in an effort to support recently falling Crude Oil prices. The first cold weather forecast of the season in the United States is also lending early support. November Crude Oil futures are currently trading up 20 cents at $60.14 a barrel.

Corn: December Corn futures rose in the overnight session. The market continued the late-day rally it saw on Monday, as Corn found support from a continually surging Wheat market. Helping support the bulls is weather reports of cold and rain for much of the Midwest United States. Today might see a battle of bulls and bears, as technical traders are begging to talk of overbought conditions. December Corn futures on the eCBOT ended the overnight session up 6 ¼ cents at $323.00 a bushel.

S&P: December S&P 500 futures are trading lower in the wake of PPI data that missed expectations. September PPI fell 1.3%, versus expectations of 0.7%. The decline was overshadowed by the closely watched core PPI, which rose 0.6%. The rise is well above the consensus core rise of 0.2%. Traders are also wary ahead of earnings from Intel (INTC) and Yahoo (YHOO) after the close tonight. December S&P 500 futures are trading down 4.10 at 1372.00 in early trading.