Markets To Watch

Crude Oil: November Crude Oil contracts are little changed in pre-market trading. Traders continue to hold their collective breaths for today’s OPEC meeting over production cuts. Trading has been muted most of the week, with today’s meeting holding traders in a neutral stance. Expect volatility to increase sharply once OPEC divulges the results of their meeting. November Crude Oil futures are currently trading up 20 cents at $57.85 a barrel.

Soybeans: November Soybean futures rose in the overnight session, adding to yesterday’s gains. Yesterday marked the second consecutive day the contract settled above 6.00. November Soybean futures ended the day up 4 cents at $604.50 a bushel. The overnight session saw a continuation of the previous two-day gains, extending itself further above the 6.00 mark. November Soybeans ended the overnight session up 8 ¼ cents at 612.75 a bushel.

S&P: December S&P 500 futures are little changed after mixed earnings results. Phizer (PFE), Apple (AAPL) and Coca-Cola (KO) all beat forecasts. Citigroup (C) and Advanced Micro Devices (AMD) beat estimates, but posted a 23% profit decline on flat revenue. Also playing on the index markets today will be the Dow Jones activity near the 12,000 mark. After trading to new all-time highs yesterday, the index pared early gains to settle just under 12,000 at 11,992.68. December S&P 500 futures are trading down 1.30 at 1371.20 in pre-market trading.