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Market Analysis: Nov 16, 2001

posted on November 16, 2001


The grain markets finished the week on the upside following last week's good export news. For the week, wheat prices gained more than three cents. Corn prices gained a couple of cents.

Soybean futures were six to eight cents higher. Soybean meal gained $6.30 per ton.

Cotton futures gained 11-cents.

In livestock, fed cattle futures gained $1.70. Feeder cattle were $2.77 higher. The lean hog contract closed $1.27 lower.

In the financials, comex gold closed $2.80 lower per ounce. The Euro finished 68-basis points lower against the dollar. And, the CRB index finished the week more than two points higher to close at 191.25.

Market Analysis: Nov 16, 2001 Join us again next week when we examine how one small town managed to hang on to a critical institution.


Tags: agriculture commodity prices markets news