Corn Dips to Seasonal Lows on Erratic Board Trade
In Chicago the grain market showed erratic moves with corn sinking to new seasonal lows after four straight weekly declines. Soybeans drew demand while old crops like wheat and oats saw mixed moves. Export activity supported old crop wheat as Greece bought two million bushels. India and Pakistan talks continued for large wheat purchases. The Commodity Credit Corp sold 10 million bushels to exporters, and cash soybeans remained limited as shipments possibly moved before freight-rate hikes. The market opened for a short session Monday, then closed Tuesday for a holiday.
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Chicago
Board of Trade
Greece
India
Pakistan
Corm
Commodity Credit Corp
Hogs and livestock market halves amid dull late trade
Hog prices toppled at 18.50 late, the highest since June 7, but gains faded by close. Early trading showed fair activity and firmness to 25 cents higher. bulk receipts reached 7,000 hogs with steers, heifers steady on 600 head. Cows uneven, bulls steady, vealers firm. some good steers sold 17.50 to 22.00. Sheep and lambs modestly higher with wooled lambs at 18.50 to 20.50. Legal notices follow about appointments, sales, and public works in Madison County.
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