Prospects for better weather pressured grain and oilseed markets. Chicago July Wheat closed the week 8 and a quarter cents lower. Nearby corn closed 6 and ¾ cents lower on the week, but the new crop contract finished four cents higher. Nearby beans finished eight cents lower and new crop beans closed 8 and ¾ cents lower. The December Cotton contract finished the week 32 cents lower.
In the livestock markets June cattle lost 57 cents on the week. August feeders also lost a half a buck, and July hogs closed 77 cents lower.
COMEX gold lost more than 2 dollars on the week. The beleaguered EURO gained a point, and the CRB index fell 65 basis points for the week.
Prospects for better weather pressured grain and oilseed markets.