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Strategies & Market Trends : Commodities - The Coming Bull Market -- Ignore unavailable to you. Want to Upgrade?


To: craig crawford who wrote (337)6/26/2001 11:11:25 AM
From: craig crawford  Read Replies (1) | Respond to of 1643
 
Tuesday June 26, 11:02 am Eastern Time

Grains, Soybeans Rise Modestly

Grains, Soybeans Rise Modestly in Consolidation; Corn Inches Upward

biz.yahoo.com

CHICAGO (AP) -- Grain and soybean futures prices rose modestly Tuesday in early dealings on the Chicago Board of Trade, bouncing back from the previous day's selloff.

Wheat rebounded after losing more than 2 percent of its value on Monday. Market-watchers said the selloff was overdone. Soybeans turned higher after four consecutive sessions of losses. The lack of an immediate weather threat in both the Midwest and China kept the early increase minimal. Corn inched upward amid talk that China is temporarily halting corn sales due to high domestic prices.

Wheat for July delivery rose 1 1/4 cent to $2.47 a bushel; December corn rose 1/4 cent to $2.03 1/4 a bushel; July oats rose 1/2 cent to $1.06 3/4 a bushel; July soybeans rose 1 1/4 cent to $4.52 a bushel. Beef futures declined while pork futures advanced in early trading on the Chicago Mercantile Exchange. August live cattle fell .12 cent to 74.65 cents a pound; August feeder cattle fell .13 cent to 92.37 cents a pound; August lean hogs rose .27 cent to 69.47 cents a pound; July pork bellies rose 1.38 cent to 94.65 cents a pound.