Wheat markets quiver as pit nears close in July trading
Chicago wheat finished irregular with small declines and gains as traders weighed Canada’s rust risk and late Canadian crops against strong Gulf premiums. Reports of domestic winter wheat yields varied, while Kansas cash movement and high heat fears pressed price directions amid mixed oats corn and barley shifts. Foreign exchange closed steady with minor moves in major currencies.
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Sugar and flax and cotton prices from New York market
New York prices hold steady with refined sugar at 606.10 cents and futures active at 45 180 tons. Flax bids show July 2.21 and September 2.23, October 2.24, November 2.27. Cotton spot in New York at middling 17.70.
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Fails Hit Highest Price in 20 Years
New York July 13 heavy accumulation of railroad shares pushed prices to new highs in 20 years. Industrials rose selectively with the market, volume about 1.0 million shares. Merger and dividend rumors circulated as pools boosted many issues to new peaks. Railroads led gains amid expectations of fall freight traffic and consolidation progress.
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Market Report Feeds Gains Across Sectors On July 13
New York stocks advanced with U S Steel near yearly highs as rails and autos held demand steady amid rising carload figures. Seminole production hit a record high while carload volume topped one million for the year. grain and copper markets showed mixed shifts with wheat and corn buoyed by cash demand and export activity. bar silver quoted at 86 cents per ounce.
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Livestock market rounds up mixed regional cattle Hog prices
Portland and St Paul bids reflect steady to firmer tone for cattle hogs and sheep with varied lots. Cattle receipts around 12 000 across markets show steady to slightly lower demand, hogs steady to higher on lighter weights, with sows and pigs shifting in prices. Weathered notes include copper and grain prices and a quirky cricket thermometer aside.
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