Grain futures rise on Chicago Board of Trade gains
In Chicago grain futures, May wheat climbs to 3.64 per bushel, May corn to 3.01, May oats to 1.61, and May soybeans to 9.55 per bushel, signaling broad gains across key commodities.
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Newspaper
Southern Illinoisan
Location
Carbondale, Illinois, United States of America
Date
Mar 13, 2004
Page
5
In Chicago grain futures, May wheat climbs to 3.64 per bushel, May corn to 3.01, May oats to 1.61, and May soybeans to 9.55 per bushel, signaling broad gains across key commodities.
Eastern Cornbelt carcass prices move higher with 0.5 inch bf 60.50-71.97 and 0.9 inch bf 85.00-67.37. Illinois direct hog purchases show steady to 1.00 higher trends, demand moderate to good for light to moderate offerings. 1-3 300-400 lbs 35.00-38.00, 400-500 lbs 36.00-39.00, 500-600 lbs 38.00-41.00, few over 600 lbs 40.00-43.00. Boars under 300 lbs 25.00-32.00, over 300 lbs 8.00-12.00.
Market snapshot for March 12 2004 shows Dow Jones at 10240.08 Nasdaq Composite 1984.73 S&P 500 1120.57 Russell 2000 582.84 with Nasdaq diary showing 2389 advances 778 declines 159 unchanged and volume 1.7639 billion.
The Dow rose 111.70 to 10240.08 and the Nasdaq gained 40.84 while the S P 500 climbed 13.79 as three major indexes posted Friday gains. Yet the week ended with Dow down 355.47, Nasdaq minus 62.90, and S P 500 lower for the year, signaling a continuing market correction.
The Commerce Department reports the 2008 current account deficit rose 12.7 percent to a record 541.8 billion, surpassing 2002's prior high. The report notes exports must grow about twice as fast as imports to stabilize the gap, amid ongoing trade and jobs concerns in the campaign.
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