Rain slows Iowa corn and soybean planting statewide
Southern Iowa farmers report only 25 to 40 percent of corn planted as storms dump heavy rain. Statewide progress averages 80 percent for corn and 43 percent for soybeans, well below normal, with delays risking rural economies. Gov. Branstad plans to reconvene the crop conditions task force in Des Moines.
MENTIONED IN THIS ARTICLE
Iowa
Sladek
Steve Carson
Consolidated Farm Service Agency
Iowa City
Terry Branstad
Branstad
Des Moines
Rod Boshart
Gazette Des Moines Bureau
Jim Sladek
Market mixed as tech sellsoff weighs on Dow gains
Stocks faced a mixed session with technology shares leading a broad selloff on Tuesday. The Dow rose 9.68 to 4378.68 as gainers outweighed losers 1226 to 1034, with 721 unchanged and volume at 280.95 million shares on the Big Board. Penwest gained 1 to 22, while Noland fell 1 to 31. The Iowa farmland survey by the Federal Reserve Bank of Chicago shows 1995 first quarter values up 1 percent nationally and 4 percent year over year, with regional gains varying from unchanged to 5 percent.
MENTIONED IN THIS ARTICLE
Wall Street
New York Stock Exchange
Iowa
Penwest Ltd
Noland
Federal Reserve Bank of Chicago
IBM Motorola
American Stock Exchange
ColumLab
Viacomb i
Gaylord
Intel
Microsoft
DOW Jones
Amex
Ind
Ati
Indus
Biotech
Standard & Close Clig
Indust
Insurance
Transpt
Utilities
Associated Press
Treasury bills prices slip as rates ease in auction
The Treasury sold three month bills at an average discount rate of 5.64 percent and six month bills at 5.61 percent, down from prior levels. The new discount rates imply an 5.82 percent and 5.87 percent yield for $10,000 three month and six month bills, respectively. The Fed reported one year bill yields averaged 5.92 percent, down from 5.98 percent.
MENTIONED IN THIS ARTICLE
Treasury
Treasury Department
Federal Reserve
Firstar Bank
FDIC
Futures contracts give farmers new yield based tools
Chicago Board of Trade launches Iowa corn yield futures and options starting Friday. The contracts let farmers, grain dealers, and crop insurers bet on corn yield per acre in Iowa, aiming to manage agribusiness risk and potentially offset federal subsidies.
MENTIONED IN THIS ARTICLE
Midwest
Chicago Board of Trade
CBOT
Iowa
Criste
Consumer confidence eased in May says Conference Board
The Conference Board reports May consumer confidence at 101.6 down from April's 104.6. Despite the drop, the index remains above March and January readings and well higher than a year ago, with 5,000 U.S. households surveyed monthly. Fabian Linden calls the level strong despite the slight dip.
MENTIONED IN THIS ARTICLE
Fabian Linden
Conference Board
Maytag to Sell Hoover Europe Division at Loss
Maytag Corp. said it will sell Hoover Europe to Candy SpA for about 170 million, taking a loss near 130 million. The move ends a troubled era for the Newton based company which acquired Hoover in 1989 and will keep Hoover in North America along with other brands. The sale aims to strengthen Maytag balance sheet and focus on core North American markets.
MENTIONED IN THIS ARTICLE
Newton (Ap
Maytag Corp
Hoover Europe
Maytag
Candy Spa
Hoover
North America
Jean-Air
Magic Chef
Leonard Hadley
Hadley
Also Mentioned on This Page
S. Iowa
By Marlene Lucas
Gazette
Marlene Lucas
Thorne Media
6S, Inc
Ance
Ann Berg
the Exchange
New York
Business Research Group
U.S
Firstar
Hawkeye Seed Company
Amana Builders
Firstar Banker
Hawkeye Seed
Cedar Rapids
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