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Market Analysis: Sep 28, 2001

posted on September 28, 2001

The grain markets finished the week mixed as the trade continues to monitor harvest yields and progress. For the week, wheat prices were more than four cents higher. Corn futures, however, were down two to three cents. Soybean futures were down sixteen to eighteen cents. Soybean meal closed $5.40 lower per ton.

Cotton futures were down $1.25.

In livestock, fed cattle futures closed $1.88 lower. Feeder cattle were down 80-cents. The lean hog market closed the week $1.15 lower.

In the financials, COMEX gold gained 50-cents an ounce. The Euro closed 25-basis points lower against the dollar. And, the CRB index finished the week nearly five points lower to close at 191.50.

Market Analysis: Sep 28, 2001

Join us again next week when we examine how a small town managed to avoid the loss of an important institution.

Tags: agriculture commodity prices markets news