Iowa Public Television

 

Market Analysis: May 11, 2001

posted on May 11, 2001


The grain markets were lower this week on concerns about the USDA's production outlook. For the week, wheat prices were down more than a penny. Corn prices were down more than thirteen cents. Soybean futures were mixed, nearby beans were nickels higher, while new crop November posted a 13-cent decline. Soybean meal gained $2.20 per ton. Cotton futures were down $1.28.

In livestock, fed cattle futures were 68-cents lower. Feeder cattle were 35-cents lower. The lean hog contract finished the week $1.25 higher. In the financials, COMEX gold gained $1.80 per ounce. The Euro finished 182-basis points lower against the dollar. And, the CRB index finished the week one and three-quarters point lower to close at 214.75

Market Analysis: May 11, 2001 The grain markets were lower this week on concerns about the USDA's production outlook.

Tags: agriculture commodity prices markets news USDA