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Newspaper
Odessa American
Location
Odessa, Texas, United States of America
Date
Mar 30, 2000
Page
12
Traders watched mixed signals from energy and equity markets as oil prices fluctuated and major indices swung. The Dow Jones, S&P 500, and Nasdaq displayed uneven moves amid thin volume and ongoing macro uncertainty, with commodity futures for crude, heating oil, and natural gas showing precarity in pricing.
Texas High Plains cash grains drop across soybeans and wheat as of 4:00 PM with bids in the $2 range for corn and $3 plus for grain sorghum. Elevators report No 2 corn at about 4.35–4.45 per cwt, soybeans bid around 4.35–4.48, and sorghum at 3.04–3.25 per cwt in northern areas. southern Plainview to Muleshoe bids similar but with tighter offers.
Regional market summary from Panhandle area noting cattle futures, feeder cattle, sugar and other commodity quotes. Includes bids for Idaho Burbanks and Norkotahs, Wisconsin, Colorado, Washington supplies, selling weights, and recent slaughter data for steer and heifer lots.
Crude OCR data shows a volatile trading day with the index near 11,094 highs and 10,932 lows. Notable listed stocks include AT&T Compaq Pfizer and Texas Instruments with varied gains and losses amid a broad spread of volume and market breadth figures.
Oil markets report that Permian LLC rounds financial figures to the nearest nickel. The Associated Press notes this rounding convention in its Oil Buyer's Guide style.
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