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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
May 17, 1994
Page
22
Government crop report shows 98 percent of Iowa corn planted and 53 percent of soybeans, well above normal. Seedling corn on 40 percent, soy on 6 percent. rainfall 0.22 inch last week versus 0.88 normal. Laurie Petersen of Wyoming area notes corn up and soybeans just going in after a week of dry weather.
Last week's temperatures ran 3 to 5 degrees above normal as a dry spell in the upper Midwest continues. Corn and soybean futures rose after the National Weather Service forecast another dry week. Topsoil and subsoil moisture levels show 24 percent short and 1 percent short respectively, with most soils adequate. Pasture conditions vary with 62 percent good and 30 percent fair.
Trading stayed subdued with the Dow Jones up 11.82 points to 3 671.50 as investors eyed a Federal Reserve rate move after a meeting today. In Eastern Iowa, 22 stocks rose, 14 fell, seven unchanged. notable declines hit Equitable of Iowa Rockwell Wal Mart and Hon Industries while Procter & Gamble and Penwest edged higher.
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