Today was not a good day to be in Sugar, Cotton, or Coffee futures, down 4.5%, 4.3%, and 2.4%, respectively. The US$ was moderately lower, losing ground against EUR as U.S. traders shrugged off losses overnight. USD/JPY fell 50 pips to 80.43, after touching a low of 80.28.
Crude Oil futures were up slightly. Natural Gas futures reclaimed and closed above the $2-handle – gaining 1.8% on the session. Heating Oil, though, suffered steep declines of 1.7%.
Earnings tomorrow morning will be the focus. Here’s a list of the most prominent companies reporting before the bell:
– Coca-Cola (KO)
– Goldman Sachs (GS)
– Johnson & Johnson (JNJ)
– Northern Trust (NTRS)
– State Street (STT)
– TD Ameritrade (AMTD)
– U.S. Bancorp (USB)
After the bell, traders will look to IBM, Intel (INTC), and Yahoo (YHOO) for more corporate earnings news.