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Newspaper
Southern Illinoisan
Location
Carbondale, Illinois, United States of America
Date
Jun 15, 2004
Page
5
Chicago AP reports soybeans lead gains as futures climb on Monday with wheat up 6 cents to 3.56 a bushel, July corn up 2.5 cents to 2.88, July oats up 2 cents to 1.47, and July soybeans up 25.4 cents to 8.72 a bushel.
AP reports prices by thickness and weight ranges with prices for 0.5 to 0.9 inch carcasses from 79.00 to 81.45, negotiated purchases totaling 15,432, and market tone steady to 2.00 higher with moderate demand and light offerings. US 1-3 cattle by weight show varied ranges from 41.00 to 50.00, boars listed at 38.00-42.00 for under 300 Ibs and 10.00-13.00 for over 300 Ibs.
Investors worry higher rates as retail sales rise, signaling solid demand that could lift inflation. If inflation data strengthens, the Fed may raise rates by 0.5 percentage points at month end, denting stocks. Dow falls 0.7 percent, S&P off 1 percent, Nasdaq down 1.5 percent with financial and tech shares hardest hit.
A stock market snapshot lists closing prices and changes for many tickers. Notable entries include Verizon, US Bancorp, Viacom, Vodafone, Mart, and Exxon among others with varied gains and declines. Data covers multiple sectors and includes price movements, daily highs and lows, and percentage shifts.
Oil futures slid about one dollar in New York as traders weighed reports that Saudi Arabia and other OPEC members will boost June output to around 29.55 million barrels daily, a 4.2 percent rise from May. July crude settled near 37.59, while Brent added 0.05 at 35.49 as OPEC signaled higher supply to ease prices.
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