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.
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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.
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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.
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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.
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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.
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Fed
New York Stock Exchange
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Harris Private Bank
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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.
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Boeing Co
Justice Department
Air Force
Darleen Druyun
Lockheed Martin Corp
Brendan Nelson
Boeing
Nelson
Pentagon
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