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Newspaper
Southern Illinoisan
Location
Carbondale, Illinois, United States of America
Date
Jan 30, 2003
Page
13
New York AP reports Wednesday NYSE listings show varied activity with many major stocks closing higher and lower. Notable movers include AmEx, Altria, Coca Cola, Exxon, GM, and Pfizer, with mixed gains and declines across sectors.
Chicago grain desk reports soybeans leading a broad decline as wet weather in Argentina's central crop belt signals plentiful rainfall. Soybean prices fall over 2 percent with grains also retreating on the bearish regional forecast.
Corn weakens as soybean prices drag markets and moisture concerns threaten dry Midwest areas. Wheat also declines with soybeans. March delivery prices drop for wheat to 3.13 per bushel, corn to 2.35, oats to 1.99, and soybeans to 5.61 per bushel.
Investors edged higher for a second straight day as bargain hunters bought into a choppy market despite Bush warning of war in Iraq. The Dow rose 21.87 to 8110.71 while the Nasdaq gained 15.88 to 1358.06 and the S&P 500 added 5.82 to 864.36 amid mixed earnings and Fed status. Markets awaited clarity on Iraq and economic fundamentals.
Eastern Cornbelt carcass values show a light test with bf ranges from 0.5 to 0.9 inches and prices mostly between 42.00 and 52.97. Negotiated purchases total 15,878 Illinois Direct Hogs. Demand is moderate with steady trend. price ranges for 1 3 300-400 Ibs 18.00-21.00, 400-500 Ibs 19.00-22.00, 500-600 Ibs 21.00-24.00, and over 600 Ibs up to 25.00 with rare 27.00. Boars under 300 Ibs 17.00-21.00, over 300 Ibs 4.00-6.00.
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