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Market Analysis: Aug 31, 2001

posted on August 31, 2001


The grain markets finished the week on the upside as the trade continues to monitor crop development and international demand. For the week, wheat prices gained more than three cents. Corn prices were more than four cents higher.

Soybean futures were a penny to more than seven cents higher. Soybean meal gained $4.50 per ton.

Cotton futures were 88-cents lower.

In livestock, fed cattle futures gained 80-cents. Feeder cattle gained $1.63. The lean hog contract posted a 97-cent loss.

In the financials, Comex gold gained $2.60 per ounce. The Euro finished 28-basis points lower against the dollar. And the CRB index finished the week a point-and-a-half lower to close at 201.30.

Market Analysis: Aug 31, 2001 The grain markets finished the week on the upside as the trade continues to monitor crop development and international demand.

Tags: agriculture commodity prices markets news