Archive for Wednesday, May 31, 2006

Commodities

May 31, 2006

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Chicago Board of Trade

Soybean futures advanced Tuesday on the Chicago Board of Trade, while grain futures finished mixed. Wheat for July delivery fell 3 1/2 cents to $4.12 a bushel; July corn rose 1/2 cent to $2.54 1/2 a bushel; July oats remained unchanged at $1.80 1/4 a bushel; July soybeans rose 1 cent to $5.83 1/2 a bushel. Beef futures increased on the Chicago Mercantile Exchange, while pork futures were mixed. June live cattle rose .65 cent to 80.05 cents a pound; August feeder cattle rose .67 cent to $1.0942 a pound; June lean hogs rose .92 cent to 67.70 cents a pound; July pork bellies fell .47 cent to 80.77 cents a pound.

Local markets

As of Tuesday's close, courtesy of Ottawa Cooperative Assn. Ottawa Elevator - Wheat, $4.77; corn, $2.25; milo, $2.20; soybeans, $5.29. Edgerton Elevator - Wheat, $4.77; corn, $2.25; milo, $2.20; soybeans, $5.29. Overbrook Elevator - Wheat, $4.77; corn, $2.25; milo, $2.20; soybeans, $5.29. Midland Elevator - Wheat, NA; corn, $2.25; milo, NA; soybeans, $5.29. Lawrence North Elevator - Wheat, NA; corn, $2.25; milo, NA; soybeans, $5.29. Lawrence South Elevator - Wheat, $4.77; corn, $2.25; milo, $2.20; soybeans, $5.29. Pauline Elevator - Wheat, NA; corn, $2.25; milo, $2.20; soybeans, $5.29.

Nonferrous metals

Spot nonferrous metal prices Tuesday:

Gold - $653.90 troy oz., NY Merc spot Tue.

Silver - $13.070 troy oz., N.Y. Merc spot Tue.

Platinum $1291.40 troy oz., N.Y. Merc spot Tue.

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