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Newspaper
Southern Illinoisan
Location
Carbondale, Illinois, United States of America
Date
Jun 26, 2002
Page
5
Corn prices extended their advance following Monday's weather driven surge with modest gains. Wheat declined while soybeans finished mixed as investors awaited Friday’s USDA report. July corn up to $2.19 3/4, oats $1.90 3/4, soybeans $5.03 1/4.
Eastern Cornbelt carcass prices hold steady with varying prices by backfat thickness and light to moderate demand for constrained offerings. Illinois Direct Hogs show 1 3 weights at 17.00 to 21.00, 400 500 at 19.00 to 21.00, 500 600 at 21.00 to 22.00, over 600 at 22.00 to 23.00, boars under 300 at 20.00 to 29.00 and over 300 at 8.00 to 12.50.
Tech doubts overshadow Boeing and DuPont gains as Wall Street ends sharply lower. Dow slips 155 points to 9126.82, Nasdaq 36.35 down to 1423.99, S&P 500 off 16.58 at 976.14 after a session of double digit losses across major indices.
Illinois officials report some low lying fields abandoned due to heavy rains and flooding but late planted corn and soybeans look to be faring as well as possible. Some areas where early corn drowned are now being replanted with soybeans with harvest in mind.
Washington AP reports that Martha Stewart's circle of acquaintances, including a doctor, sold ImClone shares before the government rejected ImClone's Erbitux approval. Stewart's Omnimedia shares fell 21.4 percent to close at 12.55 as scrutiny grows.
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