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Market Analysis: Aug 24, 2001

posted on August 24, 2001


The grain markets finished a mixed week as the trade continues to monitor crop development and weather. For the week, wheat prices were seven cents higher, while corn prices were unchanged to a penny lower.

Soybean futures were pressured by weather, posting losses of more than 24-cents. Soybean meal finished $7.70 lower per ton. Cotton futures were down 75-cents.

In livestock, fed cattle futures were down $1.22. Feeder cattle closed 15-cents lower. The lean hog contract closed $1.70 lower.

In the financials, COMEX gold closed $6.80 lower per ounce. The Euro was down 42-basis points against the dollar. And, the CRB index finished the week more than two points lower to close at 202.80.

Market Analysis: Aug 24, 2001 The grain markets finished a mixed week as the trade continues to monitor crop development and weather.

Tags: agriculture commodity prices markets news