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Market Analysis: Dec 14, 2001

posted on December 14, 2001

The grain markets finished the week on the downside following some mixed trade news on supply and demand. For the week, wheat prices were fractionally lower, while corn prices down a couple cents. Soybean futures were nine cents lower. Soybean meal closed 70-cents lower per ton. Cotton futures were four cents higher.

In livestock, fed cattle futures were down $2.43. Feeder cattle were down $1.88. the lean hog contract closed down $2.35.

In the financials, COMEX gold closed $4.10 an ounce. The Euro gained 147-basis points higher against the dollar. The CRB index finished the week a quarter point lower to finish at 191.50.

Market Analysis: Dec 14, 2001

That wraps up this edition of Market to Market. Join us again next week when we take a look at an effort to use technology to extend medicine to the remote reaches of Rural America.

Tags: agriculture commodity prices markets news