Commodities - The Coming Bull Market Message Board

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Strategies & Market Trends : Commodities - The Coming Bull Market

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To: Moominoid who wrote (180)	6/10/2001 11:12:13 AM
From: craig crawford	Read Replies (1) of 1643

Friday June 8, 4:13 pm Eastern Time Soybeans Climb on Improving Demand Soybeans Climb on Improving Demand, Grain Prices Fall CHICAGO (AP) -- Soybean futures jumped sharply higher Friday on the Chicago Board of Trade, reflecting investors' optimism about rising demand. Grain prices fell. After initially declining on Midwest weather forecasts, soybeans rallied on talk of strong demand for soymeal domestically and internationally. Prices pushed to their highest in nearly three months. Corn prices dropped on the outlook for better weather in the corn belt, creating a selling mood ahead of the weekend. A lack of fresh news and mixed opinions of crop development kept the losses minor. Wheat contracts finished little-changed in quiet pre-weekend trading. Wheat for July delivery fell 1/4 cent to $2.64 a bushel; July corn fell 1 1/2 cent to $1.97 a bushel; July oats rose 1/4 cent to $1.10 3/4 a bushel; July soybeans rose 5 cents to $4.66 1/2 a bushel. Beef and pork prices advanced on the Chicago Mercantile Exchange. August live cattle rose .17 cent to 73.67 cents a pound; August feeder cattle rose .50 cent to 91.77 cents a pound; July lean hogs rose 1 cent to 70.52 cents a pound; July frozen pork bellies rose 1.85 cent to 82.60 cents a pound. Chicago exchanges were affected by the computer problems that halted trading on the New York Stock Exchange Friday morning. The Chicago Board Options Exchange halted trading in options of NYSE-listed stocks and indexes for more than an hour, resuming at 10:35 a.m. CDT. The Chicago Board of Trade also halted trading in Dow Jones stock futures, while across town the Chicago Mercantile Exchange stopped trading temporarily in S&P 500 futures. p.s. thanks for the links :)

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