Grains Mixed Trade Moves in Mixed Session
Grain markets showed a brisk overall tone with mixed results across different grain types. Buyers and sellers exchanged prices as futures swung and cash markets remained unsettled.
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Newspaper
Amarillo Daily News
Location
Amarillo, Texas, United States of America
Date
Jun 26, 1968
Page
17
Grain markets showed a brisk overall tone with mixed results across different grain types. Buyers and sellers exchanged prices as futures swung and cash markets remained unsettled.
In volatile trading on Tuesday, soybean futures fell more than 11 cents per bushel and corn futures over one cent, both near seasonal lows. The market saw aggressive selling at the opening bell with some hedging and buyer activity from exporters and processors on the downslide. Wheat rose early but then ceded gains. oats remained strong as tight supplies supported buying.
Soybean oil fell on late selling pressure while soybean meal rose on active buying. Choice steers gained with late demand. Wheat futures closed higher by 7 to 11 cents per bushel, corn and oats mixed, rye up modestly, and soybeans down slightly as of July contracts. Board of Trade table records show end prices.
Markets at a glance show stocks down in quiet trading. Cotton dips while wheat rises as demand remains mixed. Hog futures falter with weak cash bids. slaughter steers hold steady amid light receipts.
UPI reports mixed livestock results with Kansas City calves and cows steady to high, Fort Worth cattle and hogs showing varied prices, and Chicago trends noting weaker butcher hogs and steady slaughter cattle. Butter and eggs steadier in Chicago markets with slight shifts in potato futures and cottonseed oil activity.
Don Lusk a longtime New Mexico newsman credited with first reporting the atomic blast in 1945 died in Silver City at 85. He scooped Pancho Villa raid news in 1916 and began reporting in 1906 before moving to New Mexico in 1909 retiring as editor of the Silver City Enterprise. He remained with United Press International and the El Paso Herald Post and was inducted into the New Mexico Press Association Hall of Fame.
Technologists hail a new vaccine to prevent Rh incompatibility in Rh negative mothers. RhoGam immune globulin, developed by Dr. William Pollack and Drs. Vincent J. Freda and John G. Gorman, passed four years of multi country testing and is nearly 100 percent effective. Ortho Diagnostics of Raritan, New Jersey will distribute it to eligible patients.
United Press International reports John H. Wimberly of Houston Natural Gas Corp and the American Gas Association project annual construction of 8.7 billion from 1967 to 1970. Distribution and transmission firms lead outlays, with totals near 31.3 billion plant value by 1966 and rising storage, production, and compressor projects shaping the growth.
Oklahoma City based Cities Service Gas and Arkansas Louisiana Gas open a 20 inch 135 mile pipeline delivering about 100 million cubic feet daily from Arkansas Louisiana reserves in eastern Oklahoma and western Arkansas to southwestern Missouri including Joplin and Springfield. The line crosses Elk River and two creeks, with concrete coating where it goes under streams.
Phillips Petroleum announces the dedication of its Europe Africa subsidiary headquarters in Brussels. W. W. Keeler, president and CEO, explains the move brings management closer to activities in Europe and Africa. C. J. Silas serves as president of Phillips Europe Africa.
The state slogan We Like It Here appears on all mail sent by Wisconsin state agencies including mail from the Waupun prison, highlighting the program's reach and a branding effort.
Mario Andretti advises motorists to improve mileage 10 to 20 percent by proper tire pressure 24 to 26 psi for ordinary driving and higher for racing, regular spark plug changes every 10 000 miles, engine tuning at least every 8 000 miles, air filter care, avoiding unnecessary braking, and using the octane rated by the car maker. He warns excess speed as the biggest fuel thief and notes premium gas wastes money for engines designed for 86 octane.
Zambia's 1,058 mile oil pipeline, aimed at ending fuel rationing after nearly three years, is within a mile of completion. Contractors face a temporary halt due to pipe shortages. trucks are importing pipes from Dar es Salaam. Testing and pumping from Dar es Salaam to Ndola will take about three months.
About 30 percent of Texas, roughly 50 million acres, lies under lease for oil and gas exploration, signaling wide government and industry activity in regional energy development.
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