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Archive for Wednesday, November 26, 2003

Commodities

November 26, 2003

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Chicago Board of Trade

Wheat and corn futures jumped strongly higher Tuesday on the Chicago Board of Trade. Soybean prices also increased modestly.

Wheat for December delivery rose 8 3/4 cents to $3.88 1/4 a bushel; December corn rose 4 3/4 cents to $2.39 1/2 a bushel; December oats rose 3 3/4 cents to $1.35 a bushel; January soybeans rose 8 3/4 cents to $7.46 a bushel.

Beef futures advanced while pork futures finished mixed on the Chicago Mercantile Exchange.

December live cattle rose .70 cent to 96.97 cents a pound; January feeder cattle rose .83 cent to 97.75 cents a pound; December lean hogs fell .45 cent to 49.17 cents a pound; February pork bellies rose 1.70 cent to 86.45 cents a pound.

Local markets

As of Tuesday's close, courtesy of Ottawa Cooperative Assn. Ottawa Elevator -- Wheat, $3.68; corn, $2.20; milo, $2.25; soybeans, $7.17. Edgerton Elevator -- Wheat, $3.68; corn, $2.20; milo, $2.25; soybeans, $7.17. Overbrook Elevator -- Wheat, $3.68; corn, $2.20; milo, $2.25; soybeans, $7.22. Midland Elevator -- Wheat, NA; corn, $2.25; milo, NA; soybeans, $7.22. Lawrence North Elevator -- Wheat, NA; corn, $2.20; milo, NA; soybeans, $7.17. Lawrence South Elevator -- Wheat, $3.68; corn, $2.20; milo, $2.25; soybeans, $7.17. Pauline Elevator -- Wheat, NA; corn, $2.25; milo, $2.30; soybeans, $7.22.

St. Joseph livestock

St. Joseph, Mo. (ap) -- Quotations for Tuesday:

Estimated Hog Receipts: 200. Compared to Monday, barrows and gilts sold steady; 46-50 percent lean 230-270 lbs 34.00-34.50. Sows: Under 500 lbs sold steady to .50 higher; over 500 lbs traded 1.00 higher; 1-2 300-500 lbs 27.00-28.00; 1-3 500-700 lbs 29.00-31.00. Boars: Steady; 300-700 lbs 8.00.

Nonferrous metals

New York (ap) -- Spot nonferrous metal prices Tuesday:

Copper -88.70 cents per lb., N.Y. Merc spot Tue.

Gold - $391.10 troy oz., NY Merc spot Tue.

Silver - $5.298 troy oz., N.Y. Merc spot Tue.

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