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Market Analysis: Dec 21, 2001

posted on December 21, 2001

The grain markets finished the week mixed on rumors of Chinese buying. For the week, wheat prices were two cents higher, while corn prices were two to five cents lower.

Soybean futures were a fraction to four cents lower. Soybean meal gained 90-cents per ton.

Cotton futures slid $1.07.

In livestock, fed cattle futures gained $2.27 higher. Feeder cattle were $2.75 higher. The lean hog contract gained $1.45.

In the financials, Comex gold finished unchanged. The Euro closed two hundred basis points lower against the dollar. The crb index finished the week nearly a half point higher to close at 191.90.

Market Analysis: Dec 21, 2001 Here now to lend us his insight is one of our regular market analysts, Virgil Robinson. Welcome back.

Thanks Virgil. That wraps up this edition of Market to Market. Join us again next week when we examine the past year and identify the issues that will define 2002. Until then, thanks for watching. I'm Mark Pearson. Enjoy the holidays.

Tags: agriculture commodity prices markets news