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Market Analysis: Dec 29, 2000

posted on December 29, 2000


The grain markets finished the week on the upside as the trade focused on strong corn fundamentals. For the week, wheat prices gained more than three cents. Corn prices were more than four cents higher. Soybeans were pressured by eight to 10 cents. Soybean meal finished the week 60 cents lower. Cotton futures were more than $2 lower.

In livestock, fed cattle gained $1.22. Feeder cattle finished 62-cents lower. The lean hog contract finished the week 25-cents higher.

In the financials, Comex gold closed a dime lower per ounce. The Euro finished 160-basis points higher against the dollar. And the CRB Index finished the week three-quarters of a point higher to close at 228.25. Here now to lend us his insight is one of our regular market analysts, Wayne Newton. Welcome back.<

Market Analysis: Dec 29, 2000 The grain markets finished the week on the upside as the trade focused on strong corn fundamentals.

Tags: agriculture commodity prices corn markets news