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Market Analysis: Sep 14, 2001

posted on September 14, 2001


While futures exchanges in the Midwest were open and operating, some New York exchanges were not. Instruments traded there include futures contracts on cotton, orange juice, coffee, gold, and the Commodity Research Bureau or CRB index – a basket of commodities.

However, grains, oilseeds and livestock contracts were traded.

The grain markets finished the week mixed. For the week, wheat prices were down more than two cents. Corn prices were fractionally higher to more than a penny lower.

Soybean futures gained four to seven cents for the week. Soybean meal gained $11.30 per ton.

In livestock, fed cattle futures were $1.28 lower. Feeder cattle finished 48-cents lower. The lean hog contract finished the week $1.22.

For the week the Euro, which did trade on Friday, finished the week 164-basis points higher against the dollar.

Market Analysis: Sep 14, 2001 While futures exchanges in the Midwest were open and operating, some New York exchanges were not.

Tags: agriculture commodity prices markets news