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Lubbock Avalanche Journal in Lubbock, Texas

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Newspaper

Lubbock Avalanche Journal

Location

Lubbock, Texas, United States of America

Date

Dec 24, 1970

Page

17

Soy futures rise on Chicago board before giving back gains

Soybeans surged nearly 20 cents early on the Chicago Board of Trade before profit taking trimmed most of the move. Wheat edged up about a cent then fell back, corn stayed under pressure, and oil held small gains while meat oats and iced broilers mostly fell. Trade was mixed in a slow pre holiday session with strong opening demand for soybeans fading later.

Chicago Chicago Board of Trade Cor

Grain Market News Reflects Mixed Wheat and Corn Quotes

Grain notes show wheat prices steady with occasional upticks while corn bids hold near steady levels. Market chatter mentions variable demand and some crops lagging. traders monitor futures and local cash quotes in a quiet trading session.

Ace Clifford's Expense Account Down Except

Fragmentary note states everything collapsed except Ace Clifford's expense account, indicating selective financial issues and potential misallocation or negligence. No further context or names given.

Ace Clifford

Plains Farming Changes Opposed On Crop Reports

Plains farming changes meet stiff opposition from three major feed and grain groups as the USDA plans to cut or delay reports next year. The groups warn delayed data could raise price volatility and harm decisions for producers and processors.

U.S. Department of Agriculture USDA Statistical Reporting Service National Feed and Grain Association American Feed Manufacturers Association National Federation of Grain Cooperatives American Soybean Association ASA Usda Office

Cotton futures rise as holiday trading slows in New York

New York reports cotton futures No 2 closing 10 to 50 cents higher amid slow pre holiday trade. Liquidity and trader activity absorb through local covering and dealer demand. Spot markets steady as growers add more cotton to government loan, with week ending Dec 18 loan entries at 244,591 bales and withdrawals 31,111 bales leaving net stock 1,202,159 bales. Average price around 24.46 cents per pound for midnine tee and spot markets.

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