Grain futures mixed as soybeans rise on CTB trading
Chicago futures show mixed results with wheat up to 3.94 per bushel for May, corn dropping to 3.114, oats at 1.63, and soybeans gaining .
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Newspaper
Southern Illinoisan
Location
Carbondale, Illinois, United States of America
Date
Apr 20, 2004
Page
5
Chicago futures show mixed results with wheat up to 3.94 per bushel for May, corn dropping to 3.114, oats at 1.63, and soybeans gaining .
Eastern Cornbelt carcass prices fell across sizes with 0.5 to 0.9 inch bf ranges. Negotiated purchases totaled 14,918 head as lows trended steady to 1.00 higher with moderate to good demand and light offerings. Prices for 300-400 lb, 400-500 lb, and 500-600 lb cattle quoted in the mid 30s to mid 40s, with few over 600 lb at 41-45, and boars under 300 lb 28-34, over 300 lb 9-10.
ImClone Systems stock jumped 12 percent to $66.38 on Nasdaq, the highest in two years, aided by a Banc of America upgrade. The rise follows a history of insider sales by Sam Waksal and his family before a December 2001 regulatory setback and Martha Stewart’s later conviction for lying about her ImClone exit.
New York stocks closed mixed after a tech rally and upbeat earnings from 3M and Eli Lilly. The Nasdaq broke a four day losing streak while investors weighed the Conference Board leading index up 0.3 percent in March and the possible path for Federal Reserve rate moves amid lingering rate anxiety.
A heater and air conditioning service firm warns of slow business in mild weather and touts a limited stock sale of brand new 2.5 ton air conditioning units and furnaces from AllTime 500 Inc with approved credit. The owner tracks ads, call times, inventory turns, and aims to move stock quickly to keep technicians busy.
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