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Market Analysis: Jun 29, 2001

posted on June 29, 2001


The grain markets finished the week as the trade awaited some surprising government numbers. For the week, wheat prices were down more than four cents. Corn futures were two to three cents higher.

Soybean futures showed big gains on government numbers confirming fewer planted acres. For the week futures gained 28-30 cents. Soybean meal gained $11.50.

Cotton futures were 25-cents higher.

In livestock, fed cattle closed 13-cents higher. Feeder cattle closed 78-cents lower. The lean hog contract rose $2.55.

In the financials, COMEX gold gained a dollar per ounce. The Euro close 61-basis points lower against the dollar. And, the CRB index finished the week three-quarters of a point lower to close at 205.45.

Market Analysis: Jun 29, 2001 The grain markets finished the week as the trade awaited some surprising government numbers.

Tags: agriculture commodity prices markets news