Iowa Public Television

 

Market Analysis: May 11, 2001

posted on May 2, 2001


The grain markets turned in a mixed week, as the trade watches wet weather patterns delay spring plantings. For the week, wheat prices were down three-quarters of a cent lower. Corn prices gained more than six cents. Soybean futures were ten to twenty cents higher. Soybean meal gained nine dollars per ton. Cotton futures were 53-cents higher.

In livestock, fed cattle futures were $1.10 lower. Feeder cattle were down fifty cents. The lean hog contract was $1.80-lower.

In the financials, COMEX gold gained $2.20 an ounce. The Euro gained 34-basis points against the dollar. And, the CRB index finished the week one-and-a-half points higher to close at 216.50.

Market Analysis: May 11, 2001 The grain markets turned in a mixed week, as the trade watches wet weather patterns delay spring plantings.

Tags: agriculture commodity prices markets news