US$ continues to be supported by the European banks with the trade standing at 80.110 up 19.1 points after falling below the 80 marker in yesterday’s trade during the US markets, Treasuries are flat across the board with no trade-able direction. Energy Products continue to drop but the pace has slowed with Crude Oil only down 65 cents with its trade at $101.81 a barrel. Gold is up $2.80 with its trade at $1,646.70 after reaching a high of $1,655.90, Silver this time is up as well with the front month trading at $31.610 up 8.6 cents after reaching as high as $31.940 before the London open leaving base metals confused at present unsure of a trading direction. Grains are mostly higher after the crop progress report showed Corn plantings are way ahead of last year with plantings at 7% compared to last year’s 3%. Softs are mostly higher with Cocoa the exception, Meats are mixed with Pork Products trading lower. Paper Markets have finally gotten the attention of the foreign buyers and is now showing support across the indices as we wake into another Tuesday ….. Stay Strong!!
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