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Market Analysis: Apr 20, 2001

posted on April 20, 2001


The grain markets faded this week, on ideas that the 2001 crop would probably be good and big. For the week, wheat prices were a quarter cent higher, but corn futures closed down nine to ten cents. Soybeans are now dropping into new low territory, backing off six to 15-cents. But, Soybean meal actually finished forty cents higher per ton. Cotton futures were down $1.08.

In livestock, fed cattle futures were $1.55. Feeder cattle were 22-cents higher. The lean hog contract finished the week 50-cents higher. In the financials, COMEX gold gained $4.70 an ounce. The Euro closed the week 117-basis points higher against the dollar. And, the CRB index finished the week gained more than one-and-a-half points higher to close at 216.

Market Analysis: Apr 20, 2001 The grain markets faded this week, on ideas that the 2001 crop would probably be good and big.

Tags: agriculture commodity prices markets news