Oil prices plunge on war expectations
Oil futures fell nine percent as traders bet US invasion of Iraq will go smoothly and global stockpiles will offset supply losses. April crude dropped to 31.67 a barrel on the NYMEX, the lowest close since January 8. Analysts cite tight inventories and shifting imports but expect volatility and possible use of the 600 million barrel U.S. stockpile if needed.
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United States
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U.S
Middle East
Tom Bentz
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Stockyards report shows mixed carcass prices and hog bids
Eastern Cornbelt carcass prices closed 2.25 lower with varying bf prices across thicknesses. Today's Illinois Direct Hogs show steady to higher bids by weight class as demand remains moderate for light to moderate offerings. Boars priced at 18.00-24.00 for under 300 lbs and 4.00-6.00 for over 300 lbs.
MENTIONED IN THIS ARTICLE
Springfield
Illinois
Grain futures rebound as wheat and soybeans rise
Chicago trade sees wheat and soybeans jump on oversold rebound with support from soy oil rally and Chinese cargo rumors. Corn ends flat as May prices show modest gains. oats slide slightly.
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Chicago
Chicago Board of Trade
Pacific Northwest
Stocks post fifth straight advance amid Iraq war jitters
The Dow rose 52.31 to 8,194.23 and the Nasdaq gained 8.28 to 1,400.55 while the S P 500 lifted 3.66 to 866.45 as traders waited on Bush's Iraq ultimatum. Light NYSE volume preceded a potential invasion deadline for Saddam Hussein.
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Alcoa Inc
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