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Southern Illinoisan in Carbondale, Illinois

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This newspaper page contains 6 articles. Subscribers can read the full text of each article.

Newspaper

Southern Illinoisan

Location

Carbondale, Illinois, United States of America

Date

Jun 30, 2006

Page

5

Grain futures rise in Chicago trade led by soybeans

Soybean futures climbed in early Chicago Board of Trade activity while grain futures showed slight gains. Wheat for July delivery gained about 1 percent to roughly 3.73 a bushel, July corn rose about 1 percent to 2.27 a bushel, oats slipped about 0.5 percent to 2.06, and July soybeans advanced around 4 percent to 5.83 a bushel.

Chicago Chicago Board of Trade

Stockyards Springfield prices and pork market report

Eastern Cornbelt carcass prices per half inch fat thickness range from 70.00 to 83.42 dollars with variations by thickness. Today's Illinois direct hog purchases show prices mostly lower by 1.00 to 2.00, demand good, offerings moderate, with price brackets listed for different weight classes and boar categories.

Springfield Illinois

Fed lifts rates to 5.25 percent signaling possible pause

The Federal Reserve raised the federal funds rate to 5.25 percent, the highest in over five years, with policymakers hinting a slower economy could lessen inflation pressures. Wall Street rallied as the Dow jumped 217.24 to 11,190.80, while analysts debated further increases at the August meeting and beyond.

Washington Federal Reserve Wall Street Ben Bernanke Fed Bernard Baumohl Economic Outlook Group Mark Zandi Moody’s Economy.com Markus Schomer AIG

Stocks surge as Fed signals flexible rate path

New York stocks jumped as the Federal Reserve softened its stance on future rate hikes. The Dow rose over 215 points, its largest one day gain in years, as the Fed said it would weigh both inflation risks and the economy’s growth when setting policy. The shift marked a move toward linking growth with inflation in future decisions.

New York Wall Street Federal Reserve Central Bank Fed

Market Outlook Brightens After Fed Decision

Market watchers welcomed the Fed's statement and a minor shift toward a softer tone as bonds rallied and stocks advanced. Markus Schomer of AIG noted a more open path for future rate increases, while Jerome Bernanke signaled no immediate hard stance, leaving investors hopeful yet cautious about inflation and growth.

Fed New York Stock Exchange Treasury Bernanke Schumer Schomer Jack Ablin Harris Private Bank Ablin

Boeing to take up to 1.12 billion charge over defense probe

Boeing will record as much as 1.12 billion in second quarter charges tied to a three year Justice Department probe into defense contracting and newly disclosed delays to the Wedgetail air surveillance program. The company had earlier disclosed a 615 million tentative settlement over Darleen Druyun and use of rival documents. Australian Defense Minister Brendan Nelson criticized Boeing as the Wedgetail delays surfaced, urging delivery.

Chicago Boeing Co Justice Department Air Force Darleen Druyun Lockheed Martin Corp Brendan Nelson Boeing Nelson Pentagon

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