Markets Bullish as Corn Surges on Trading Stampede
Chicago market activity pushed corn to multweek highs as a key speculator switched to buying amid rains and warmer weather. Wheat rose on export demand while oats and hogs varied. prices for corn, wheat, and other grains fluctuated with heavy selling by commission houses and signs of improving money liquidity in New York trading.
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Associated Press
Chicago
Board of Trade
Iowa
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Lantern Light
Oklahoma
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Alberta
Market Roundup by Logan and Bryan from New York May 4
The market edged higher with active covering and steady demand for grains. General Motors reached a new high while steel and oil notes showed mixed progress. rain and flood conditions weighed on carloadings and exports. Grain markets faced profit taking though corn rose on flood fears and spring wheat remained unfavorably positioned. Butter and eggs moved higher in Chicago with mixed poultry trading as markets reacted to ongoing supply shifts.
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Livestock market reports from Chicago Omaha and others
cattle, hogs and sheep prices and receipts across Chicago Omaha South St Paul and Spokane with steady to firm trends. hogs around 10.50 to 10.60 per cwt. cattle mixed with steers to 13.80 and yearlings near 12.70. lambs 15.50 to 17.25 top. numerous regional receipts and market directions noted.
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Chicago
Associated Pro
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Associator
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Novrsmien
South ST. Paul
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