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Market Analysis: Jun 22, 2001

posted on June 22, 2001


The grain markets finished the week lower due to the trade's continued concerns about excess supply and production. For the week, wheat prices were down more than four cents. Corn prices were down more than three cents. Soybean futures closed down four to five cents. Soybean meal closed the week $4.10 lower. Cotton futures finished 1.16 lower.

In livestock, fed cattle futures were down 63-cents. Feeder cattle finished 73-cents higher. The lean hog contract closed 45-cents higher.

In the financials, COMEX gold gained $1.10. The Euro finished 70-basis points lower against the dollar. And, the CRB index finished the week nearly four points lower to close at 206.20.

Market Analysis: Jun 22, 2001 The grain markets finished the week lower due to the trade's continued concerns about excess supply and production.

Tags: agriculture commodity prices markets news