Grain futures mix as soybeans rise on quiet Chicago trade
Grain futures in Chicago mixed on Monday with wheat drifting lower while soybeans advance amid subdued activity. Traders weigh Argentina’s potential return to the export market and anticipated South American soybean shipments, keeping gains modest. March wheat at $2.81, corn $2.05, oats $2.03, soybeans $4.31.
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Stockyard livestock report from Peoria AP
Hogs trading moderately, barrows and gilts at 0.50 lower with various weight ranges listed. Sows steady, boars over 300 pounds at 16.00 and under 300 pounds at 30.00. Cattle trading moderately, choice slaughter steers and heifers up about 2.00 from last Monday, with specific weight-based price ranges for steers, heifers, and cows not established due to insufficient numbers.
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No immunity for Enron witnesses yet in Congress inquiry
Kenneth Lay becomes the sixth to invoke the Fifth Amendment as Congress weighs immunity for Enron witnesses. Lawmakers oppose immunizing testimony to avoid jeopardizing prosecutions while civil and criminal probes continue.
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Bargains Bring Buyers Back to Stock Market
New York stocks rose as cheaper prices drew buyers, with the Dow up 140.54 to 9,884.78 on light volume. The gain followed a modest Friday advance, while analysts cautioned the rally may reflect subdued trading rather than broad conviction.
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