Corn and Wheat Markets Steady Amid Export Trade and Rain
National corn markets hold firm thanks to strong export demand and timely rains easing soybean planting worries. Wheat slips on post harvest shifts but supportive export trade limits declines. spring and white wheats show spot strength. Oats and barley remain weak. Soybeans end mixed as rain tempers gains, with Russia buying more wheat for 1987-88. Corn futures firm on Gulf demand, Omaha bids rise, and Chicago July futures up.
MENTIONED IN THIS ARTICLE
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Russia
Dairy market trends show gains in milk and dairy products in 1987 first quarter
The first quarter of 1987 saw milk and dairy products rise 3.2 percent from 1986. Butter led gains up 12.1 percent, American cheese up 1.8 percent, other cheese up 4.2 percent, and ice cream up 1.6 percent. April CPI for all food rose 4.7 percent year over year, dairy up 2.5 percent. Butter and cheese inventories declined versus April 1986, with significant drops in both private and government stocks.
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CCC
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