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Market Analysis: May 25, 2001

posted on May 25, 2001


The grain markets finished the week under pressure as the trade continues to worry about excess production in 2001. For the week, wheat prices were down 12-cents. Corn futures were more than eight cents lower. Soybean futures were down two to nine cents. Soybean meal closed the week $2.60 higher per ton. Cotton futures were down $3.25. In livestock, fed cattle futures were $1.80 higher. Feeder cattle were $1.65 higher. The lean hog contract finished $1.32 lower. In the financials, COMEX gold closed $9.60 lower per ounce. The Euro closed more than two hundred basis points lower against the dollar. And, the CRB index finished the week more than four points lower to close at 214.50.

Market Analysis: May 25, 2001 The grain markets finished the week under pressure as the trade continues to worry about excess production in 2001.

Tags: agriculture commodity prices markets news