Dow climbs as war news sparks rally on Wall Street
Stocks surged on escalating Iraq conflict with the Dow up 235.87 points and the S&P 500 and Nasdaq posting multi-day gains. Analysts credited investor relief at the fast moving campaign and progress against Saddam Hussein, while warning a prolonged war could reverse gains.
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Robert Streed
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Subodh Kumar
Cibc World Markets
Wheat futures slide as rains ease winter wheat belt
Chicago AP reports wheat futures dropped on Friday on the CBOT amid improving conditions from recent rains in the winter wheat belt and northern Plains. Corn retreated while soybeans rose, with May wheat at 2.86 and May corn at 2.314, oats up 1, soybeans up 2. Market weakness is tied to seasonal trends and selling pressure from grains.
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Chicago
Chicago Board of Trade
Stockyards Springfield Market Report Slips on Hogs and Carcasses
Eastern Cornbelt carcass prices closed weak to 0.50 lower with ranges across thickness factors from 0.5 to 0.9 inch. Negotiated Illinois Direct Hogs total 14 621 head. Demand steady to moderate for moderate offerings with price tiers for 300 to over 600 pounds. Boar prices show under 300 pounds at 21 to 24 and over 300 pounds at 4 to 6.
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