Wheat futures prices responded sharply to hopes that export business may be picking up, gaining as much as 8 cents a bushel Wednesday on the Chicago Board of Trade.
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Orange juice futures were sharply lower on the Cotton Exchange in New York despite reports last week of citrus canker being found in a Florida tree nursery and the discovery of two male Mediterranean fruit flies.
Soybean futures prices led a modest rally in grain prices Wednesday on the Chicago Board of Trade.
Oil futures prices made an effort at rallying Wednesday, but were undercut by doubts about Norway's willingness to cooperate in cutting back the world's oil production.
Energy futures prices rose strongly Wednesday in what analyst said apparently was a short-lived burst of vigor in an otherwise skittish market.
Energy futures prices flowed sharply to limit lower Thursday on the New York Mercantile Exchange after OPEC members failed to reach an agreement on production quotas.
Grain futures prices registered healthy advances Friday on the belief--not entirely fulfilled--that the government was about to take strong action to improve commodity exports.
The pork futures market on Tuesday acted out the latest findings of the government's pig survey with widely divergent price movements, but the accuracy of the report is in question.
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