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Market Analysis: Jul 27, 2001

posted on July 27, 2001


The grain markets continued to rally this week, as the trade remains nervous about the weather's impact on crop development. For the week, wheat prices were down two cents, while corn prices gained more than eleven cents. Soybean futures were nineteen to twenty-seven cents higher. Soybean meal gained eight dollars per ton. Cotton futures were $2.75 higher.

In livestock, fed cattle futures closed $1.55 lower. Feeder cattle closed $1.55 lower. The lean hog contract, however, closed the week $1.80 higher.

In the financials, COMEX gold finished $2.80 lower for the week. The Euro closed fifty basis points higher against the dollar. The CRB index finished the week more than a point higher to close at 204.75.

Market Analysis: Jul 27, 2001 The grain markets continued to rally this week, as the trade remains nervous about the weather's impact on crop development.

Tags: agriculture commodity prices markets news