Wheat rises on export demand lifting Chicago market
Wheat futures rallied after reports of export purchases exceeding 1 million bushels for Europe. May and July contracts closed higher as traders noted Gulf coast shipments and parity with Canadian prices. Corn and oats followed in mixed trading while hogs influenced provisions.
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Associated Press
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Good Buying in Copper and Oils
Stock market note highlights gains in copper and oil shares with strong earnings news from Southern Pacific and Mexican Petroleum. Royal Dutch reports a large oil discovery in Venezuela while iron and steel shares show optimism. grain and livestock markets mixed with cautious receipts in several western exchanges.
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Livestock price report from Chicago and Kansas City
Chicago hogs and cattle trade report shows receipts around 45 000 hogs and 9 000 cattle with steady to higher tone on many classes. Prices ranged from eight to eight thirty for hogs and from seven seventy five to thirteen for beef cattle with veal calves steady. Kansas City receipts 3 500 cattle with beef steers steady to higher and stocker sales irregular.
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Associated Press
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