Arbitrage trading shifts Dow as programs surge in markets
A volatile Wall Street week saw index futures and stock positions flip in synchronized program trading. Arbitrage using index futures and underlying stocks aimed to lock in premium or discount, triggering rapid sell programs and jolting the market as firms rebalance to cover costs and dividends.
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Wall Street
Standard & Poor
Export PIK plan advances with Egypt wheat flour deal
AP Farm Writer DON KENDALL reports Secretary John Block announced the first Export PIK grain sale to Egypt under the program. The 175000 metric ton flour contract at 180 per ton includes a subsidy of about 66 per ton, enabling Egypt to pay a world price. Awards went to ADM Milling Pillsbury Peavey Cargill for the 175000 ton allocation.
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Washington
Agriculture
John K. Block
U.S
Block
Egypt
European Community
USDA
Department’s Commodity Credit Corp
ADM Milling Co
Pillsbury Company
Peavy Company
Cargill Inc
Cattle and Hogs Market Update From Chicago Mercantile Exchange
Futures trading on the Chicago Mercantile Exchange opened with prices showing higher and lower ranges across cattle and hogs. Market activity reflected shifts in supply expectations and demand signals as traders absorbed latest data.
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St. Sales
New York
Dee
Ape
DCL Erreersrete
Dee. We
Fou
Metals Prices in New York on Friday
Nonferrous metal quotes list New York spot and Comex prices for aluminum copper lead zinc tin and precious metals. The report notes daily ranges and closes from Thursday with figures for gold silver mercury platinum and a 76 pound mercury flask in New York.
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New York
Comex
U.S
Handy & Harman
N.Y
Grain futures report opens in Chicago market
Futures trading on the Chicago Board of Trade opened with quotes for Wheat and Corn. Highs and lows for the session were recorded with price changes noted as markets moved during Friday trading.
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Chicago
Chicago Board of Trade
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