Soybeans Rise on Navy Seizure Report at Chicago Board
In moderate Chicago trading, soybeans and most grain futures gained early on renewed export and demand hints. Wheat, corn, oats, and rye moved with mixed strength as buyers and brokers showed activity, while reports of a U S Navy ship seizure influenced sentiment.
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Closing Averages and Futures on Chicago Markets
AP market brief from Chicago covers futures on the Mercantile Exchange with Live Beef Cattle figures for Feb and Apr contracts, and Cash Grain prices for Wheat Corn Oats and Soybeans. Names include Kara Lavan and market figures span No. 2 No. 3 yellow sample grade and various price ranges.
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Cotton futures rise on ginnings report and stock shifts
New York cotton prices closed up 25 cents to 1.654 per bale as the ginnings report cited a smaller 1967 crop, supporting a firm tone despite some profit taking. Certificated cotton stocks jumped by 3,847 bales to 93,752 with another 12,175 awaiting review, signaling expected deliveries against March contracts. The Census Bureau reported January ginnins from the 1587 Voltura crop at 7,264,783 running bales, down from 9,533,045 a year earlier.
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