Todays futures trading activity from the New York Mercantile Exchange shows a general downward trend across key commodities. The January twenty-six contract dropped by sixty-three cents, settling at fifty-eight dollars and twenty-five cents. This pattern of slight declines continued through many near-term contracts. The February twenty-six contract also experienced a drop, settling at fifty-eight dollars and eight cents, down fifty-five cents. Estimated sales for today were six hundred eighty-nine thousand, eight hundred ten contracts, slightly lower than Mondays six hundred twenty-eight thousand, two hundred eighty-seven contracts. The total open interest decreased by fifty-six thousand, four hundred fifty-seven, indicating some traders are closing out positions. Looking at other commodities, the January twenty-six contract saw a more substantial drop of three dollars and eighty-one cents, settling at two hundred twenty-six dollars and one cent. Overall, the data from the New York Mercantile Exchange paints a picture of a market experiencing broad, albeit sometimes small, price adjustments.

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