Archive for Wednesday, May 30, 2007

Commodities

May 30, 2007

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Chicago Board of Trade

Grain and soybean futures declined Tuesday. Wheat for July delivery fell 10 cents to $4.91 a bushel; July corn fell 11 1/4 cents to $3.64 3/4 a bushel; July oats fell 1 1/2 cent to $2.74 a bushel; July soybeans fell 15 cents to $7.97 1/2 a bushel. Beef and pork futures finished mixed on the Chicago Mercantile Exchange. June live cattle fell .05 cent to 91 cents a pound; August feeder cattle rose .60 cent to $1.1155 a pound; June lean hogs rose .20 cent to 74.92 cents a pound; July pork bellies fell .05 cent to $1.0207 a pound.

Local markets

As of Tuesday's close, courtesy of Ottawa Cooperative Association. Ottawa Elevator - Wheat, $4.71; corn, $3.50; milo, $3.35; soybeans, $7.33. Edgerton Elevator - Wheat, $4.71; corn, $3.50; milo, $3.35; soybeans, $7.33. Overbrook Elevator - Wheat, $4.71; corn, $3.50; milo, $3.35; soybeans, $7.33. Midland Elevator - Wheat, NA; corn, $3.55; milo, NA; soybeans, $7.38. Lawrence North Elevator - Wheat, NA; corn, $3.55; milo, NA; soybeans, $7.38. Lawrence South Elevator - Wheat, $4.71; corn, $3.50; milo, $3.35; soybeans, $7.33. Pauline Elevator - Wheat, $4.81; corn, $3.55; milo, $3.35; soybeans, $7.38.

Nonferrous metals

Spot nonferrous metal prices Tue.

Aluminum -$1.246 per lb., London Metal Exch. Tue.

Copper $3.3260 N.Y. Merc spot Tue.

Gold - $657.10 troy oz., NY Merc spot Tue.

Silver - $13.158 troy oz., N.Y. Merc spot Tue.

Platinum -$1279.00 troy oz., N.Y. (contract).

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