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Market Analysis: Jul 20, 2001

posted on July 20, 2001


The grain markets finished a roller-coaster week sharply lower as the high pressure ridge over the cornbelt never fully materialized. For the week, wheat prices were down more than three cents. Corn prices were down more than 15-cents. Soybean futures were down more than 30-cents. Soybean meal finished $6.60 lower per ton. Cotton futures were down 9-cents.

In livestock, fed cattle futures were down 17-cents. Feeder cattle were down 20-cents. The lean hog contract finished 42-cents lower.

In the financials, COMEX gold gained $2.60 per ounce. The Euro gained 176-basis points against the dollar. And, the CRB index finished the week three-and-half points lower to close at 203.70.

Market Analysis: Jul 20, 2001 The grain markets finished a roller-coaster week sharply lower as the high pressure ridge over the cornbelt never fully materialized.

Tags: agriculture commodity prices markets news