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Market Analysis: Oct 19, 2001

posted on October 19, 2001


The grain markets finished the week mixed, as the trade continues to digest a big harvest and sluggish demand. For the week, wheat prices were a dime higher. Corn futures were down more than three cents.

Soybean futures were ten to twelve cents lower. Soybean meal closed the week $4.50 lower per ton. otton futures were 86-cents lower.

In livestock, fed cattle futures were 48-cents lower. Feeder cattle gained 63-cents. The lean hog contract finished the week $1.20 higher.

In the financials, Comex gold closed $4.60 lower per ounce. The Euro finished 95-basis points lower against the dollar. And CRB index finished the week three-quarters of a point lower to close at 186.75.

Market Analysis: Oct 19, 2001

Join us again next week when we examine the status of a controversial court case that could ultimately affect one of the nation's largest commodity groups.


Tags: agriculture commodity prices markets news