Late-day bounce lifts stocks amid oil decline and rate jitters
A late rally helped the market finish higher as oil prices slid and investors mulled Fed policy ahead of Bernanke’s congressional appearance. Coca-Cola and United Technologies supported the Dow while PPI data and a record low housing index added inflation and slowdown fears.
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Toyota weighs ethanol and plug in hybrids for U.S. market
Toyota North America president Jim Press said the company is strongly considering flex fuel and plug in hybrid programs in the United States though no immediate rollout is planned. He cited Brazil as a precedent and noted an aggressive hybrid rollout across the lineup, with 85,216 U.S. hybrid sales through June and a Camry hybrid backlog of about 6,000.
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Grain futures mixed as Soybeans fall in Chicago trade
Chicago soybeans declined while grain futures closed mixed. Wheat for September rose to $3.98 a bushel, September corn slipped to $2.46, September oats gained to $1.99, and August soybeans fell to $5.89 per bushel according to the Associated Press.
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Stockyards Springfield Prices and Hogs Trade Report
Eastern Cornbelt carcass price ranges by thickness from 0.5 to 0.9 inch bf with bids in the mid 60s to mid 70s. Today's negotiated purchases total 11 614. Illinois Direct Hogs Laws show steady trading, strong demand and moderate offerings with US 1 3 weights listed from 27.00 to 34.00 and boars priced 28.00 to 32.00 for under 300 Ibs and 10.00 to 15.00 for over 300 Ibs.
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