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Newspaper
Southern Illinoisan
Location
Carbondale, Illinois, United States of America
Date
Jun 11, 2004
Page
5
The LocalStocks editor notes markets will be closed today in observance of the memorial service for former President Ronald Reagan and states there will be no stock listings in Saturday's paper.
Chicago AP reports grain and soybean futures declined on Thursday at the Chicago Board of Trade. Wheat for July delivery dropped 9 cents to 3.50 a bushel, July corn down 11 cents to 2.85, July oats 1 cent lower to 1.45, and July soybeans eased 5 cents to 8.47 a bushel.
Eastern Cornbelt carcass prices list 0.5 inch to 0.9 inch bf ranges from 79.80 to 81.44 with a spread across thickness. Today's negotiated purchases total 16,056. Illinois Direct Hogs Laws show steady with moderate demand and offerings. US 1-3 weights cited: 300-400 lbs 41.00-45.00, 400-500 lbs 42.00-46.00, 500-600 lbs 45.00-47.00, over 600 lbs 46.00-48.00, few to 50.00. Boars under 300 lbs 38.00-42.00, over 300 lbs 10.00-13.00.
The dollar retreated from early strength as traders booked profits ahead of a long U.S. weekend. Import prices rose 1.6 percent in May amid record oil costs, while the euro traded near 1.2107 dollars after late session gains in New York.
Wall Street edged higher as a steady unemployment picture reassured investors despite a rise in first time claims. Dow rose 41.66 to 10,410.10, S&P up 5.14 to 1,136.47, Nasdaq up 9.26 to 1,999.87 as markets closed for Reagan's day of mourning. Unemployment claims 352,000. insured laid-off 2.88 million, lowest since May 2001.
Crude futures in New York rose 2.4 percent as traders awaited a three day weekend with markets closed for Reagan funeral. Nymex July futures settled at 38.45 a barrel and Brent at 35.74. Some noted risk over the extended break amid past attacks in Khobar.
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