Grain Prices Plunge as Margin Calls Trigger Selloff
Chicago markets saw a dramatic decline with wheat leading losses and May and July futures sliding sharply after brief rallies. Corn oats and provisions followed, reflecting margin pressure on brokers and rumored European credit strains, as May and July contracts fell to near decade lows amid widespread selling.
Wheat Market Takes Wild Romp In Chicago Trade
European selling abruptly reappeared as fears of European financial trouble spread, prices swung wildly with May wheat at 3.40 a bushel as buyers pushed for funds to cover losses. Traders faced volatile quotes while exporters announced a 1,000,000 bushel rye sale to Europe, yet overall wheat fell from yesterday’s highs. Corn and oats also declined.
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Chicago
Europe
Sugar prices hold firm amid light trading notes
Raw sugar prices remained unchanged at 4.66 for spot duty paid in New York on March 31. Sales of 15,000 hages of Porto Rican for early April shipment to a refiner were reported while new trade selling and liquidation pushed raw sugar prices 1 to 8 points lower from active positions. Refined sugar trading stayed light with prices 5.80 to 6 cents for fine granulated and refined futures were nominal.
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New York
Potatoes Market Slows Early Morning Trading Chicago
Potatoes in Chicago on March 81 show slow, dull trading with receipts of 81 cars and total U S shipments at 581. Wisconsin sacked round whites range 85 to 95 cents, mostly around 90, with fancy shade higher. Sacked low whites and kings around 80, bulk round whites 80 to 90, mostly 85. Minnesota sacked round whites 80 to 90. Ohio sacked 1.10, Idaho sacked russets 2.16 to 2.50, ordinary 2.16.
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Chicago
U. S
Wisconsin
Minnesota
Idaho
New York Money Rates Report Show Mixed Short Term Loans
New York markets list short term rates with a high 4 percent and a low 4 percent for call money, ruling rate near 4 percent, closing bid at 4 percent, and offered at 6 percent. Last loan 4 percent. Call loans against acceptances around 44 dollars, time loans firm with 60 to 90 days at 4 percent and 4 to 6 months at 4 percent, prime commercial paper noted.
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New York
Bond prices and closes for Liberty and U.S. government issues
New York bond market report shows Liberty bonds closing mixed with 34s at 101.9 and various first and fourth bonds blank in places. Government issues including U.S. 4s sit around 100.10 to 104.22, with several 4% series cited and minor variances across subtypes.
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New York
Liberty Bonds
Zia
U. & Government
Government
Silver Bar Prices in New York Markets
Bar silver quotes at 67 cents per ounce in New York while Mexican dollars trade at 51.5 cents. Market activity shows investor demand for precious metals amid uncertain economic signals.
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New York
Livestock market mixed in Chicago receipts
Hog receipts total 13 006 with lightweights slow and packing hogs 12 15 to 12 40. Slaughter pigs around 12 26, heavy weights 12 60 to 16 00. Cattle receipts 10 000 with best steers slow but generally steady, fat cows 6 00 to 7 50, bulls 4 50 to 5 00. Sheep receipts 14 000 with fat lambs steady and some heavier weights showing strength. California Springers 16 50.
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Chicago
Mar
California
Omaha Hog and Cattle Market Prices Report
Hog receipts 9 000, 25 cents lower than Monday. Desirable 140 to 200 pound hogs 12.00 12.30, open cost Monday 12.52. Cattle receipts 7 000, fed steers and yearlings moderately active, bulk 9.00 10.60, heavy beef bulls 5.00 5.75, stockers and feeders 6.75 8.15. Sheep receipts 10.60, lambs steady to 25 cents higher, top 9.26, three ears choke 78 pound lambs 14.75.
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Omaha
Livestock Market Report From St Joseph Missouri
Hog receipts 1,300 at 10 to 6c lower, top 12.68, bulk 12.26 to 12.60. Cattle receipts 2,400 steady to 15c lower, steers 8.75 to 10.50 with top 10.75, cows and heifers 3.50 to 10.26, calves 4.00 to 9.00, stockers and feeders 5.00 to 8.25. Sheep receipts 5,000 slow, lambs 4.00 to 10.26, ewes 8.50 to 9.75.
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St. Joseph
Cattle and Sheep Receipts Mixed As Market Signals Weaken
Kansas City reports March 31 cattle receipts 8 500 with calves 200 while market shows overall softening. Early top yearlings 11 40 and bulk fed steers 8.75 to 11.00. cows 4.74 to 7.00. stockers and feeders firm to higher. hogs and sheep mixed with lighter weights around 11.24 to 12.00 for light hogs and spring lambs dropping several dollars from prior days.
Grain futures mixed as Chicago market reports strong prices
On March 31 in Chicago grain quotes show Wheat No 2 hard at 1.47 percent, corn No 3 mixed around 1.00 to 1.02 percent, No 2 yellow at 1.07 percent, oats No 2 white at 0.48144, No 3 white at 0.435, rye and barley with varied readings, timothy seed and clover priced higher, yard and rib prices listed with multiple values.
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Chicago
Potatoes Market Reports from Idaho Falls Area
Idaho Falls bureau notes improved potato market conditions for Saturday March 28 with Russets at about 1.45 per cwt for California pack and bulk Russets around 1.26. Shipping from Idaho Falls shows 61 carloads to multiple out of state points and statewide Idaho totals compared to last year show a decline.
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Exchange Rates Evening Report From New York
Exchange rates show irregular quotations in cents with multiple country demands and cables. Major values include Great Britain 4.77 percent, France 5.27, Germany 28.80, Belgium 6.11, Italy 4.12, Argentina 38.62, Brazil 10.85, Japan 7. Shanghai 74 percent, and Montreal 99 15-16.
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Curb Oil Quotation Totals From New York Session
Curb oil quotations noted at 2 15 pm with Prairie Pipe Line at 117 and Standard of Indiana at 42. Continental blank entries for New Bradford 514 and Salt Creek Con blank.
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Curb Oil
New York
Np. m
Standard of Indiana
Standard of New York
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New Bradford
Salt Creek Con
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