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Market Analysis: Oct 05, 2001

posted on October 5, 2001

The grain markets finished the week mixed as the trade continues to assess global demand and production. For the week, wheat prices gained more than two cents, while corn prices were down a fraction.

Soybean futures were down a penny. Soybean meal gained $3.10 per ton. Cotton futures were down $1.61.

In livestock, fed cattle futures and feeder cattle gained $3.15. The lean hog contract gained $1.35.

In the financials, COMEX gold posted a one-dollar per ounce loss. The Euro gained 67-bais points against the dollar. And, the CRB index finished the week slightly higher to close at 191.65.

Market Analysis: Oct 05, 2001

Join us again next week, when we examine how a heartland-farming venture plans to profit by producing a coastal staple.

Tags: agriculture commodity prices markets news