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Market Analysis: Aug 10, 2001

posted on August 10, 2001


The grain markets finished the week on the upside as the trade remains focused on less than ideal growing conditions. For the week wheat prices gained more than a nickel. Corn prices gained more than 11-cents. Soybean futures were more than 26-cents higher. Soybean meal gained $2.20 per ton. Cotton futures were down more than three dollars.

In livestock, fed cattle futures closed 45-cents lower. Feeder cattle were down 85-cents. The lean hog contract gained 55-cents. In the financials, COMEX gold gained six dollars per ounce. The Euro closed the week 89-basis points higher against the dollar. And, the CRB index finished the week about a half point higher to close at 200.85.

Market Analysis: Aug 10, 2001 The grain markets finished the week on the upside as the trade remains focused on less than ideal growing conditions.

Tags: agriculture commodity prices markets news