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Market Analysis: Jun 08, 2001

posted on June 8, 2001


The grain markets finished the week mixed as the trade continued to be concerned about burdensome supplies despite a slow start for the u.s. crop. For the week, wheat prices down more than six cents. Corn futures were down one to twelve cents. Soybean futures closed the week eight to eleven cents higher. Soybean meal finished the week $7.51 higher per ton. Cotton futures bounced up 96-cents for the week.

In livestock, fed cattle futures were down $1.15. Feeder cattle were 18-cents lower. The lean hog contract finished the week $1.17 higher. In the financials, COMEX gold gained $7 an ounce. The Euro finished 34-basis points higher against the dollar.

And, the CRB index finished the week down fractionally at 210.75.

Market Analysis: Jun 08, 2001 The grain markets finished the week mixed as the trade continued to be concerned about burdensome supplies despite a slow start for the u.s.

Tags: agriculture commodity prices markets news