Canadian crop report depresses wheat prices
Markets report persistent belief that Canada's crop tally underestimates wheat yield by 40,000,000 bushels, pressuring prices while corn and oats rise modestly. Officials differ on total production, with private sources suggesting higher output as export activity remains weak. Wheat quotes vary by grade, with corn and provisions also fluctuating.
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Associat
Chicago
Canada
Prairie
Offic
New York Stock Market Mixed as GM Dividend and Fed Rate Move Hit
Trading focused on rail issues with gains and losses across leaders. GM declared a 60% stock dividend plus $1.75 cash, while the Fed rediscount rate rose from 2% to 4%. Rails rallied on strong first half results. Atchison, Norfolk & Western, NY Central, and Baltimore & Ohio hit or neared record highs amid steady wheat prices and ample funds.
Industrials 10 Front During Day in New York Market
In New York on August 12 General Motors faced heavy professional pressure with varied forecasts for today's meeting The market rejected uncertainty over the New York red count but absorbed lingering liquidation Industrials benefited while rail shares Atchison Norfolk and Western hit new highs Money rates unchanged Federal Reserve reports supported belief that declines were adjustment not slump Wheat and corn markets showed limited gains with selling pressure and cash trade quiet Weather in Canada favorable for demand but rain reports tempered expectations Shipping demand was modest Prices overall remained cheap with no material decline anticipated
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Associated Press
New York
Raine
General Motors Corp
Federal Reserve
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Atchlson
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Caifer
France
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Kona
Atchison & Norfolk and Western
Winnipeg
Canada
Monte Sun
Livestar markets report shows varied hog and cattle prices
Cattle and hog receipts across Sioux City Omaha and other markets show mixed trends with fat steers and yearlings steady to higher, while hogs largely steady to firm. Reports note strong weight classes and rising prices for heavyweight hogs and select cattle, with regional differences in buyers’ emphasis and feeders in short supply.
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Erly
Piga Mrong
Endo
Eatly
Shippers
Elle
Jendy
Sioux City
Omama
Pee Omaha
Honda
Ile
AT. Paul
South ST Paul
Department of Ericulturey
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