Commodities - The Coming Bull Market Message Board

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Strategies & Market Trends : Commodities - The Coming Bull Market

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To: craig crawford who wrote (422)	7/2/2001 8:37:14 PM
From: craig crawford	Read Replies (1) of 1643

Monday July 2, 4:01 pm Eastern Time Soybeans Rise Sharply Soybeans Climb to Five-Month Highs on Bullish Outlook for U.S. Planting and Supplies biz.yahoo.com CHICAGO (AP) -- Soybean futures climbed to five-month highs Monday on the Chicago Board of Trade on a bullish outlook for U.S. planting and supplies. Grains also advanced. It was the second straight session of strong gains for soybeans since the U.S. Department of Agriculture released its latest data late last week. Investors shrugged off an early correction in prices and went on another buying tear in a rally prompted in part by positive technical signals. Corn futures climbed higher on spillover support from soybeans, although the lack of a weather threat in the Midwest kept the gains more modest. Wheat rose on seasonal trading strategies, with pressure waning from the ongoing winter wheat harvest. Sluggish exports limited the increase. Wheat for September delivery rose 3 cents to $2.61 a bushel; December corn rose 2 1/2 cents to $2.10 3/4 a bushel; December oats settled unchanged at $1.12 a bushel; August soybeans rose 8 1/2 cents to $4.82 3/4 a bushel. Beef futures finished mixed while pork futures advanced in trading on the Chicago Mercantile Exchange. August live cattle fell .10 cent to 73.90 cents a pound; August feeder cattle rose .10 cent to 91.32 cents a pound; August lean hogs rose 1.57 cent to 70.62 cents a pound; July pork bellies rose 2.47 cents to 96.62 cents a pound.

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