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The dollar was steady ahead of a series of meetings of leading finance ministers starting today in Washington despite low expectations for the outcome of the talks and still negative underlying sentiment toward the dollar. Theres too much disagreement between the Japanese and the rest for them to come out with anything unanimous said one U.K. Merchant bank trader reflecting the general tone. However dealers said position squaring helped push the dollar to a final 1.8240/50 marks up from the opening 1.8195/205 and near yesterdays close of 1.8245/55. Meanwhile the pound was underpinned by todays opinion poll findings of further strong support for the Conservative Party but fear of Bank of England intervention limited buying. Dealers said they doubted the U.K. Central bank had needed to sell sterling to curb rises today with the markets so quiet. The Bank of England was rumoured to have sold pounds yesterday. Sterling ended at 72.3 pct on the trade weighted index unchanged from the opening but off 0.1 point from yesterdays finish. It closed at 1.6185/95 dlrs after an opening 1.6213/23 and previous close of 1.6163/73 and at 2.9490/520 marks against an opening 2.9540/75 and yesterdays 2.9490/530. Traders said there was little hope that the Western financiers will be able to find a lasting solution to the problem of currency instability during the current series of talks in Washington. These are scheduled to start today with an informal Group of Five (G-5) session. Tomorrows Group of Seven meeting - of the U.S. Japan West Germany France the U.K. Italy and Canada - is seen as the key meeting. Traders said few operators will be prepared to open positions ahead of news emerging from the talks. However some traders said that given the low level of expectations the market could be particularly susceptible to signs of accord between the U.S. And Japan which would give the dollar a sharp upward push. They said interest is still largely centred on the yen with any fresh dollar weakness expected to show in that market first. Meanwhile todays comments from U.S. Federal Reserve Board Chairman Paul Volcker failed to have a lasting impact on the market. His statement that a further sizeable dollar fall could be counter-productive aided a brief run-up in mid-afternoon but there was little followthrough traders said. The dollar finished at 145.25/35 yen up from an opening 145.05/15 but below yesterdays European close of 146.00/10. It ended at 1.5120/30 Swiss francs against the start of 1.5130/40 and previous final 1.5180/90 and at 6.0650/700 French francs after beginning at 6.0525/75 and ending yesterday at 6.0660/710. REUTER | DOLLAR STEADY IN EUROPE AHEAD OF WASHINGTON TALKS |
Comex gold futures held pared gains at midsession after the metal repeatedly stalled in the face of trade selling resistance analysts said. They attributed golds modest price rise to a buoyant silver market. Professional traders and investors again bought silver on speculation it would soon hit seven dlrs an ounce. The pacesetting June gold delivery traded at 423.60 dlrs an ounce up one dlr but below a session high of 425.20 dlrs. Other contracts were 80 cts to 1.50 dlrs firmer. Trading was thin as participants closely watched the foreign exchange and U.S. stock markets brokers said. Reuter | U.S. GOLD FUTURES HOLD PARED GAINS AT MIDSESSION |
Daltex Medical Sciences Inc said a non-toxic oral drug to treat skin disorders such as redness scattered pimples yellow and wrinkling associated with aging has been filed by the inventors and assigned to the company. The inventors are Dr. Albert M. Kligman and Dr. Gerd Plewig. Kligman a University of Pennsylvania dermatologist discovered the use of retinoic acid for treating acne. Daltex said initial tests of the drug a retinoid compound have proved effective in treating problem skin most often found in those over 50 and in those whose skin problems have been aggravated by excessive sun exposure. In a Daltex statement Dr Kligman said that daily doses of the drug can moderate or reverse a number of skin problems without the side effects typically associated with retinoid compounds. He said more than 100 men and women in the U.S. and Germany have been treated for six months to two years with the drug and said studies indicate that its therapeutic effect can be maintained if patients take maintenance doses two or three times a week. Reuter | DALTEX <DLTX> ASSIGNED PATENT FOR SKIN THERAPY |
Nine grain ships were loading and 16 were waiting to load at New Orleans elevators trade sources said. ELEVATOR LOADING WAITING Continental Grain Westwego 1 5 Mississippi River Myrtle Grove 1 0 ADM Growmark 1 2 Bunge Grain Destrehan 1 0 ELEVATOR LOADING WAITING ST CHARLES DESTREHAN 1 1 RESERVE ELEVATOR CORP 1 0 PEAVEY CO ST ELMO 1 1 CARGILL GRAIN TERRE HAUTE 1 4 CARGILL GRAIN PORT ALLEN 0 0 ZEN-NOH 1 3 reuter | GRAIN SHIPS WAITING AT NEW ORLEANS |
CBT soyproduct futures continued to trade higher in light midsession trade with deferred months up most supported by the strong tone in the nearby soybean pit traders said. Soymeal held gains of 0.70 dlr to 2.00 dlrs per tonne with steadiness in Rotterdam meals and U.S. cash soymeal basis values this morning plus trade-talk of additional processor down-time in the U.S over the next few weeks adding to the positive tone in meal futures they said. Merrill Lynch and E.F. Hutton were the featured outright buyers of May soymeal with Cargill spreading May/July at 0.20 dlr premium May pit brokers said. Soyoil futures were up 0.11 to 0.15 cent per lb supported by steady commercial buying. Reuter | CBT SOYPRODUCT FUTURES HIGHER AT MIDSESSION |
NOON CDT APRIL 7 CENTS PER LB CHANGE CHOICE STEERS YIELD GRADE 3 600/700 unquoted 700/800 unquoted 800/900 unquoted CHOICE HEIFERS 500/550 87-88 unch to off 1 550/700 unquoted Reuter | CASH WHOLESALE BEEF PRICES |
 LONDON COFFEE ROBUSTA VOLUME - APR 7 The London coffee robusta closing volume has been revised to 4170 incl 6 options with the following break-down. May 1193 Jul 1556 Sep 458 Nov 201 Jan 631 Mar 131 May nil Reuter  | |
LME zinc after lunch held steady around lower morning levels as some light buying emerged around the 730 dlrs equivalent level dealers said. This saw three months delivery end afternoon ring dealings at 456 stg down one stg a tonne from yesterday afternoons kerb close and the dollar equivalent ended around 733 dlrs down one. In the morning light trade selling in a thin market had taken three months down to 730 but failed to attract any follow through selling. REUTER | LME ZINC CLOSES STEADY AT LOWER LEVELS |
 NYSE INDEX AT 1230 208.10 UP 0.62  | |
Industrial countries do not agree on ways to provide debt relief for the worlds poorest nations a senior U.S. Treasury official said. A senior U.S. Treasury official said There has not been a consensus reached yet when asked about reports the Paris club of western creditors had agreed to long-term stretch outs of African debt at concessional interest rates. The official briefing reporters on this weeks semiannual IMF meetings said the issue would be discussed this week and the U.S. had an open mind on the proposal but it did object to concessional interest rate relief. Reuter | U.S. SAYS NO PACT ON RELIEF FOR POOREST STATES |
Dry cargo futures on BIFFEX extended early losses during the afternoon session to close 30 to 52 points lower because of uncertainty as to where the physical market will go in the near term dealers said. Initial panic profit-taking snowballed and triggered further sell stops. A 2.5 point fall in the Baltic Freight Index to 1030.5 further dampened sentiment after its strong advance over the past week they added. Rumours of lower rates circulated the market this afternoon but some dealers said easier fixtures talked of today involved older tonnage and may not be representive of current conditions. Reuter | BIFFEX FALLS FURTHER BY CLOSE |
MINNEAPOLIS WHEAT MAY7 284 3/4 UP 1 1/4 JUL7 281 3/4 UP 1 SEP7 277 1/2 UP 1 1/2 DEC7 -- -- MAR8 -- -- | MIDWEST GRAIN FUTURES 12:40 EDT |
slaughter cattle rose 2.00 dlrs the usda said. steers - choice 2-4 1030-1360 lbs 63.75-65.50. heifers - choice 2-4 976-1325 lbs 61.00-63.50. Reuter | WEST FARGO CATTLE UP 2.00 DLRS - USDA |
NOON CDT APRIL 7 CENTS PER LB CHANGE BELLIES 12-14 60 unch 14-16 60 unch 16-18 57 unch HAMS 14-17 unquoted 17-20 73-73-1/2 off 10-1/2 to 11 LOINS 14-18 98-100 unch to up 2 18-22 100 up 4 Reuter | CASH WHOLESALE PORK PRICES |
The following cash sorghum prices were reported by trade sources this morning in dlrs per cwt- LOCATION TODAY PREVIOUS Delivered W COAST 4.50-4.55 4.48-4.53 GULF 3.23-3.28 3.27-3.32 FOB Country Points WEST TEXAS 3.20 3.20 TEXAS PANHANDLE 3.05 3.05 Reuter | CASH GRAIN SORGHUM PRICES |
West African origins believed near market especially Ivory and Ghana. Ivory reported traded yesterday around 1325 French Francs per 100 kilos cif for new crop while Ghana was offering at 1460 stg a tonne cif also for new crop... Offtake small restricted to dealer book-squaring ahead of buffer stock buying which possibly next week some say... Ghana resale June/Aug 60 stg over Sep. Cocoa comment/market talk - Terminal on defensive on firm sterling and overhanging West African new crop offers but prospective buffer stock buying and lower Bahia Temperao crop (possibly down to 1.5 mln bags from 2.0/2.5 mln) constructive. Sugar physical trade - Malta tendering for 3000 tonnes whites today for arrival in two equal parts in May and June. No news by late afternoon... India in tomorrow for one/two cargoes whites with Syria tendering same day for 36000 tonnes whites for June/July/Aug shipment... EC export tender tomorrow but after last weeks heavy authorised exports (102350 tonnes) at the highest ever-rebate of 46.864 Ecus per 100 kilos and with move to intervention of near 800000 tonnes tomorrows result is anybodys guess traders said... Pakistan tendering Saturday. Sugar comment/market talk - Afternoon terminal rally after fall which had been linked to lack of Soviet/Chinese offtake. Coffee physical market - Origin offers scarce and roaster demand quieted down... Roasters may be adequately covered for time being after Brazilian Colombian and Mexican sales over the past week. Coffee market talk and comment - Futures quietly firmer but trade featureless. Prices seem to be consolidating at current levels following recent declines but will need further signs of demand to sustain support dealers said... With Brazil May registrations out of the way market is awaiting fresh fundamental news to provide direction. REUTER | COCOA/COFFEE/SUGAR TRADE NEWS/MARKET COMMENT |
 CBT 12:40 EDT WHEAT MAY7 286 3/4 UP 1/2 JUL7 271 3/4 OFF 1 SEP7 272 1/2 OFF 1/2 DEC7 277 1/2 OFF 1/2 MAR8 277 OFF 1/4 CORN MAY7 159 1/4 UP 1 JUL7 163 1/4 UP 1 1/2 SEP7 168 1/4 UP 2 DEC7 176 3/4 UP 2 MAR8 183 1/2 UP 1 3/4 OATS MAY7 148 OFF 2 JUL7 138 OFF 1/2 SEP7 129 UP 3/4 DEC7 134 UNCH MAR8 136 3/4 UNCH BEANS MAY7 502 1/4 UP 2 1/2 JUL7 503 1/2 UP 3 1/4 AUG7 503 1/4 UP 3 3/4 SEP7 500 1/4 UP 6 1/4 NOV7 501 3/4 UP 5 3/4 JAN8 509 1/4 UP 6 3/4 MEAL MAY7 1461 UP 8 JUL7 1460 UP 9 AUG7 1460 UP 10 SEP7 1465 UP 14 OCT7 1467 UP 16 OIL MAY7 1555 UP 12 JUL7 1590 UP 12 AUG7 1606 UP 11 SEP7 1624 UP 13 OCT7 1638 UP 13  | |
Platinum futures were higher at midsession as the precious metal continued to mirror the action in the nearby silver pit analysts said. Silver was trading in the upper end of the days wide range bolstered by speculative buying on a belief that it would continue to rise toward seven dlrs an ounce basis May. The key July platinum delivery traded at 571.50 dlrs an ounce up 2.90 dlrs but under a session high of 577.50 dlrs. Other months were 3.70 to 7.30 dlrs higher. However trading was thin as many participants watched the foreign exchange and U.S. stock and bond markets. Meanwhile palladium was up 70 cts to 2.20 dlrs in sympathetic buying to platinum. Reuter | N.Y. PLATINUM FUTURES HIGHER AT MIDSESSION |
Michael Davidoff head trader for Ivan Boeskys Seemala Corp consented to Securities and Exchange Commission penalities and agreed to help in its continuing investigation of insider trading the SEC said. Davidoff recently pleaded guilty in federal court to violating the net capital requirements governing brokers and traders. The SEC had filed similar charges and it said Davidoff had consented to a final judgement enjoing him from future stock trading violations. The SEC said Davidoff consented to its order without admitting or denying the allegations that he aided and abetted violations by a broker and dealer. It also said Davidoff consented to a planned SEC order to bar him from future securities dealings. reuter | BOESKY AIDE AGREES TO STOCK TRADING PENALTIES |
GENERAL PARTNERS IS TERMINATING OFFER FOR GENCORP INC |
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 MINNEAPOLIS GRAIN CARLOTS APRIL 7 (in thousands/cars) RECEIPTS YEAR AGO SHIPMENTS WHEAT 186 54 71 CORN 1 2 0 OATS 5 0 0 BARLEY 90 41 58 RYE 1 0 0 SOYBEANS 0 1 0 SUNFLOWER 1 11 0 FLOUR 0 0 38 Reuter  | |
slaughter steers were firm and heifers steady to 0.50 dlr higher in slow trade the usda said. Feedlots reported fairly good interest and inquiry from buying sources. Sales on 3600 steers and 700 heifers. week to date 43900 head. steers - good and mostly choice 2-3 1025-1150 lbs 69.50-70.00. heifers - few pens good and mostly choice 2-3 925-1025 lbs 68.00-68.50. Reuter | TX/W OKLA FEEDLOT CATTLE STDY/UP 0.50 DLR-USDA |
 MINNEAPOLIS WHEAT VOL/OPEN INTEREST--APRIL 6 (VOLOPEN INTEREST and CHANGE) SPRING WHEAT MAY 2825 10127 up 92 WHITE WHEAT JLY 515 3875 up 305 not trading SEP 370 4358 up 10 DEC 25 595 up 25 MCH 0 10 unch TTL 3735 18965 up 432 WHEAT FUTURES FOR CASH - May 535 Sep 100 Total 635 Reuter  | |
MIYAZAWA LEAVES HOTEL FOR MEETING WITH BAKER AT TREASURY, JAPANESE OFFICIALS SAY |
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 CHICAGO RECEIPTS AND SHIPMENTS FOR APRIL 7 (IN BUSHELS) WHEAT CORN SOYBEANS TOTAL RCPTS 933 273818 15162 TOTAL SHPTS 0 145251 0 RAIL RCPTS 0 151000 0 RAIL SHPTS 0 145251 0 TRUCK RCPTS 933 122818 15162 Reuter  | |
 CME 12:45 EDT L-CATTLE APR7 69.72 UP 0.32 JUN7 65.17 UP 0.15 AUG7 61.07 UP 0.20 F-CATTLE APR7 69.10 UNCH MAY7 68.15 OFF 0.07 AUG7 66.55 UP 0.15 HOGS APR7 50.65 UP 0.83 JUN7 49.65 UP 1.18 JUL7 47.85 UP 0.98 BELLIES MAY7 67.20 UP 0.80 JUL7 65.60 UP 0.75 AUG7 62.40 UP 0.80 FEB8 56.15 UP 0.55  | |
 USX 75000 49-5/8 UP 3/8 CROSSED BY FIRST BOSTON  | |
 CBT SILVER VOLUME/OPEN INTEREST FOR APRIL 6 VOLUME OPEN-INT CHANGE Apr 12 127 dn 177 May 26 38 dn 7 Jun 2428 6868 dn 478 Aug 74 567 up 34 Oct 14 156 dn 1 Dec 202 3318 up 35 Feb 3 251 unch Apr 12 1274 unch Jun 10 112 up 5 Aug 0 9 unch TTL 2781 12720 dn 589 Reuter  | |
Snow and freezing temperatures stressed livestock in the eastern half of the United States in the week ended April 5 the Joint Agricultural Weather Facility of the U.S. Agriculture and Commerce Departments said. In a summary of its weekly Weather and Crop Bulletin the agency said most Nebraska and Kansas livestock are fair as calf losses from the storm during the week were variable. Calving and lambing continued. Freezing temperatures slowed pasture growth in most areas the agency said. Reuter | U.S. LIVESTOCK STRESSED BY WEATHER--USDA/NOAA |
 SAO PAULO COFFEE OPG APR 7 MAY 2.31000/2.33500 JLY 2.80000/2.83000 SEP 3.32000/3.33000 DEC 4.77000/4.83000 MCH 6.92000/7.00000 MAY 8.20100B  | |
 CBT KILO GOLD VOLUME/OPEN INTEREST FOR APRIL 6 (volume/open interest/change) KILO GOLD Apr 4 54 dn 6 Jun 375 1544 dn 40 Aug 2 54 up 1 Oct 1 27 up 1 Dec 13 149 up 2 Feb 0 22 unch Apr 0 11 unch Ttl 395 1861 dn 42 Reuter  | |
BURLINGTON NORTHERN INC 1ST QTR SHR PROFIT 93 CTS VS LOSS 3.55 DLRS |
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An explosion and fire today damaged a grain elevator in Bancroft Iowa destroying thousands of bushels of grain authorities said. The pre-dawn explosion ripped the wooden elevator open and a fire that followed continued burning at late morning but had been contained according to a dispatcher at the Algona Police Department. No injuries were reported at the Lone Rock Coop facility. The dispatcher said the elevator was filled with corn and a nearby drying building holding soybeans was on fire. The explosion was the second in four days in Iowa following the destruction of an Archer Daniels Midland elevator in Burlington last Friday. Reuter | IOWA GRAIN ELEVATOR EXPLODES, BURNS |
U.S. credit markets were mixed in dull trading at midsession with moderate losses in coupon issues and Treasury bill rates near unchanged. Bills improved slightly on remarks from Federal Reserve chairman Paul Volcker that a restrictive monetary policy would be damaging to investment and that last weeks increases in U.S. banks prime lending rates to 7.75 pct from 7.50 pct was not connected with Fed policy dealers said. Coupon issues were 1/32 to 5/16 lower pressured by a weak dollar. Treasury bill rates were anywhere from three basis points lower to one basis point higher. The key 7-1/2 pct Treasury bond was 5/16 lower at 95-26/32 to yield 7.87 pct compared with 7.84 pct at yesterdays close. Dealers said remarks from Federal Reserve Chairman Paul Volcker indicating that exchange rates had adjusted enough to narrow the U.S. trade deficit and warning that a further sizable dollar fall could be counterproductive had little exchange rate impact as they were seen as a reiteration of his views. In any case they said the dollar is expected to be under pressure while monetary officials of leading industrial nations meet this week in Washington which may hurt bonds. Dealers said three-month bill rates had eased early in the session on a few sizable buy orders from retail accounts but that otherwise there was little activity in this sector. When Volcker hit the tape it helped bills because it makes people think the Fed is not going to tighten a bill trader said. But its a nervous trade with no real buyers. Three-month bills were bid at 5.50 pct three basis points below their price at yesterdays auction while six-month bills rose one basis point from their auction price to 5.64 pct bid. Year bills rose one basis points to 5.74 pct bid. Most economists expected the Federal Reserve to supply temporary reserves but most had forecasted an indirect injection via customer repurchase agreements rather than a direct injection via two-day system repurchases which the Fed conducted at its usual intervention time. The Fed intervened when Federal funds were trading at 6-1/8 pct. Funds opened at this level and remained there at midday down from yesterdays 6.20 pct avearge. The 6-3/8 pct two-year notes fell 1/32 to 99-21/32 at midday and the 7-1/4 pct 10-years dropped 9/32 to 97-27/32. Reuter | U.S. CREDIT MARKETS MIXED AT MIDSESSION |
 LONDON SUGAR NO.6 AT 1750 - APR 7 MTH LAST BYR SLR HIGH LOW SALES May 154.0 153.8 154.0 155.4 147.0 1581 Aug 157.6 157.0 158.0 158.4 152.0 616 Oct 164.0 --- 162.6 164.0 155.6 1739 Dec 161.0 161.6 163.0 163.0 161.0 54 TOTAL SALES 3990  | |
MINNEAPOLIS WHEAT MAY7 284 3/4 UP 1 1/4 JUL7 281 1/2 UP 3/4 SEP7 277 1/2 UP 1 1/2 DEC7 -- -- MAR8 -- -- | MIDWEST GRAIN FUTURES 12:50 EDT |
Artistic Greetings Inc said it expects a rebound in profits and an increase in sales in 1987 as costs connected with computerization staffing traning and catalog sales start to taper off. Today it reported 1986 earnings of 294650 dlrs down from 371064 dlrs a year before on revenues of 8157864 dlrs up from 7054709 dlrs. Reuter | ARTISTIC GREETINGS <ARTG> SEES RECOVERY IN NET |
Parsow Partnership Ltd an Elkhorn Neb. investment partnership said it bought a 5.1 pct stake in Orange-Co Inc common stock as an investment. In a filing with the Securities and Exchange Commission Parsow said it had bought all its 220000 Orange-Co shares in the open market with funds from its working capital. The partnership whose sole general partner is Elkhorn investor Alan Parsow said it has no present intention of effecting any change in the control of Orange-Co Inc. Reuter | PARTNERSHIP BUYS 5.1 PCT ORANGE-CO <OJ> STAKE |
<Cooperative Energy Development Corp> said two exploratory oil wells in the Zama area of Alberta tested 1020 and 950 barrels a day and will increase the companys daily oil production by 30 pct. The company did not immediately elaborate on total production figures. The wells flowing oil from the Keg River formation will be constrained to combined production of about 450 barrels a day to optimize reserve recovery the company said. Permanent production facilities are being installed and the wells will produce to pipeline by mid-April. Reuter | COOPERATIVE ENERGY TESTS OIL AT TWO WELLS |
 N.Y ORANGE JUICE ESTIMATED VOLUME-APRIL 7 Spot today nil prev nil Estimated volume 1000 Prev official volume 478  | |
<Avinda Video Inc> said its debenture holders agreed to convert 3.3 mln dlrs of 13 pct subordinated debentures to common stock at a conversion price of 40 cts a share subject to shareholder and regulatory approval. Avinda said the debt conversion will inject 3140000 dlrs of equity into the company increase net book value per share to 22 cts from five cts and reduce annual interest costs by 428000 dlrs. Reuter | AVINDA DEBENTURES CONVERTED TO COMMON SHARES |
Comex copper futures settled weaker after dropping to new session lows on trade selling which entered a few minutes before the close brokers said. May delivery slipped to 62.05 cents before settling at 62.30 cents a lb off 0.35 cent. Mays high was its opening price of 62.85 cents. Indications that commission house selling would enter above that level kept a lid on the market brokers said. Otherwise dealings were featureless they said. The May/July backwardation settled at 25 points versus 30 points yesterday. Reuter | COMEX COPPER FUTURES DROP LATE, SETTLE LOWER |
May Department Stores Co said it named Ronald Tanler as chairman of the companys L.S. Ayres department store division based in Indianapolis filling a long-time vacancy. It said Robert Friedman continues as president and chief executive officer of L.S. Ayres. Tanler had served the company as senior vice president and chief financial officer of its St. Louis-based Famous-Barr department store division. Reuter | MAY<MA> NAMES CHAIRMAN FOR L.S. AYRES DIVISION |
 NYMEX PLATINUM ESTIMATED VOLUME-APRIL 7 APL 118 JNE 0 JLY 4526 OCT 188 JAN 6 APL 8 Jly 0 Estimated volume 4846 Prev official volume 4321  | |
FilmTec Corp a subsidiary of Dow Chemical Co said the Food and Drug Administration willpermit the FilmTec FT30 reverse osmosis membrane to be used in food processing and purifying water for food applications. The company said the development opens a potentially huge market for FilmTec. It said food processors will be able to concentrate juice and other food streams with reverse osmosis rather than with evaporation techniques. Reuter | DOW <DOW> UNIT GETS FDA REVERSE OSMOSIS PERMIT |
Qtly div 55 cts vs 55 cts prior Pay June 15 Record June 1 Reuter | CUMMINS ENGINE CO INC <CUM> SETS PAYOUT |
Live Hog futures ran up for sharp gains after midsession before slipping late to close 0.82 cent higher to 0.02 lower. Only February posted a loss while April and June paced the gain and April ended at 50.65 cents. Futures ran up early as demand prompted by strong live markets light hog runs and the discount of futures to cash sparked technical buying. April ran up as much as 1.42 cents above its previous level before profit-taking developed traders said. Gains in cash hogs reflected reduced farmer marketings as they took to the fields for the start of spring activities. The strength in live also offset a sharp break in cash ham prices. The break in hams was expected as Easter buying came to an end they added. Reuter | LIVE HOG FUTURES TRIM SHARP GAINS AT CLOSE |
CBT soybean futures closed on a strong note in new crop showing gains of 4-3/4 to 9-1/4 cents per bushel in moderate trade. May settled at 5.04-1/2 dlrs after posting a 5-1/2 cent range with November at 5.04-3/4. Slow country movement steady to firmer cash soybean basis values and a delayed Brazilian harvest combined to support futures from the opening despite a disappointing drop in the weekly soybean export figure yesterday traders said. The advance above the psychologically important 5.00 dlr mark in both old and new crop kept the chart picture bullish which could limit declines when South American sales begin to pick up later this month they added. A local house steadily bought new crop November with another local house spreading July/Nov pit brokers said. Reuter | CBT SOYBEAN FUTURES CLOSE STRONG IN NEW CROP |
 N.Y. METAL SPOTS APR 07 Copper WirebarsU.S. prod 69.625/70.00 cts/lb Copper Cathode U.S. prod 66.00/69.00 cts/lb Copper MerchantU.S. prod 65.20/65.70 cts/lb Copper Scrap No 2 Carloads 51.50 cts/lb Lead Domestic Del. U.S. 24.00/26.00 cts/lb Lead Scrap Carloads Del.N.Y. 07.00/08.00 Zinc Prime Western Del. N.Y. 38.50/44.00 Zinc High Grade Carloads 38.00/44.00 Zinc Electro SPLC High Grade 38.50/44.50 Aluminum Del N.Y. 62.50/64.50 (note: all reads in cts/lb) Straits open market per lb/cts 315/317 Tin plates fob per 50-lb/cts box 35.42 Palladium free troy oz/dlr 130.00/131.00 Palladium JMI base troy oz/dlr 130.00n Platinum free Del. troy oz 564.75/565.75 Platinum JMI base troy oz/dlr 567.00n Wolframite cif u.s.ton/dlr 48.00/53.00 Cadmium sticks and barsdel. 1.00/1.50n cts/lb Ferrotungsten del. n.y. per lb unqtd Quicksilver per 76-lb/dlrs flask 215.00/245.00 Antimony fob Laredo bulk cts/lb 2.00/2.02 Pig iron no 2 n. Brmghm ton unq Iron scrap Pittsburgh dlrs/ton 77.00/78.00 Tungsten pdr hydrogen dlrs/lb 9.53/9.85 Chromium plate form Del. cts/lb 3.15/3.75 Brass scrap heavy yellow cts/lb 24.00/25.00 Electronickel grade a fob dlrs/ton 3.20/3.29 Titanium sponge del U.S. unq  | |
Philadelphia Electric Co said the Operations Engineer at its Peach Bottom Atomic Power Station has been replaced with another nuclear experienced qualified engineer holding a senior operator license at Peach Bottom. Early last week the staff of the Nuclear Regulatory Commission ordered that unit three of the nuclear power plant be shutdown after determining that operators were sleeping on duty. In a letter to the commission detailing actions taken as a result of that order the utility said the Operations Engineer had been reassigned to corporate headquarters on April 6. Releasing its letter to the NRC Philadelphia Electric said it will have no future comment on this response pending Nuclear Regulatory Commission disposition of the case. Effective April 11 the utility said it is establishing 24-hour coverage of operations by at least one independent nuclear experienced engineer or physicist per shift posted within the control room complex who will report directly to the companys Superintendent of Nuclear Operations Quality Assurance Division at corporate headquarters. Immediately after receipt of the NRC order Philadelphia Electric said Senior Plant Management began making unannounced control room visits during the night shift adding this activity will continue until the planned additional 24-hour coverage operations are in place. Reuter | PHILADELPHIA ELECTRIC <PE> REPLACES ENGINEER |
 N.Y. COMEX GOLD ESTIMATED VOLUME - APRIL 7 Estimated volume 28000 Prev official volume 36411 Estimated switches 1540  | |
Hard wheat futures closed 1-1/4 to 1/2 cents lower in light trading as exporter selling erased early gains to close the market near session lows traders said. May closed 1-1/4 cents lower at 2.72-3/4 dlrs. Prices opened steady to higher on some follow-through buying from yesterday and hopes for new export sales in tenders scheduled this week. But selling by a major exporter brought prices off their highs and the lack of strong buying interest reversed those gains. Volume remained generally thin with little other fresh news in the market. Cargill sold 1.0 mln bushels of May and Staley bought May and July pit brokers said. Some intra-market spreading was noted with players on both sides of July/December at 7-1/2 cents they said. Reuter | KANSAS CITY WHEAT LOSES EARLY GAINS, ENDS LOWER |
 N.Y. COMEX SILVER ESTIMATED VOLUME-APRIL 7 Estimated volume 38500 Prev official volume 39530 Estimated switches 4326  | |
MOODY'S DOWNGRADES 1.8 BILLION DLRS OF DEERE, RELATED DEBT |
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 N.Y. COFFEE C ESTIMATED VOLUME-APRIL 7 Estimated volume 3605 Prev official vo1ume 3234  | |
Lawmakers from Ontario asked their U.S. counterparts to exempt Canada from the mandatory trade retaliation provisions in a major trade bill being considered by the U.S. Congress. At a meeting of the Northeast-Midwest Coalition an organization of U.S. legislators David Cooke chairman of the Ontario Parliaments Select Committee on Economic Affairs said the exemption would help trade relations. The trade legislation to be considered by the full House in late April would require President Reagan to retaliate against foreign unfair trade practices unless the trade actions would harm the U.S. economy. Currently Reagan can reject trade sanctions on any grounds. Cooke a member of the Liberal party told the U.S. congressmen I can understand (the trade bill). I think it has to do with concerns you have with the other parts of the world. I would suggest to you that we are your best friends. You do not have those concerns with Canada and you should sincerely consider exempting our country from that bill he added. Reuter | CANADA LAWMAKERS URGE EXEMPTION FROM U.S. BILL |
 NYSE-CONSOLIDATED 1500 ACTIVES 6152400 GCA CP 1/4 UNCH 3512300 TEXACO 34 3/8 UP 3/4 3009300 USX CORP 29 3/8 UP 1/8 2357500 BELLSOUTH 39 1/4 OFF 1/4 2058300 GEN MOTORS 83 UP 1 1/2 1983900 UNITED AIR 65 OFF 3/4 1761300 FORD MOTOR 89 3/8 OFF 3/4 1745800 IBM 148 1/2 OFF 7/8 1660200 GENCORP 117 3/4 OFF 1/4 1452000 CAESARS 31 UP 3/8 ADVANCES 444 DECLINES 829  | |
 AMEX-CONSOLIDATED 1500 ACTIVES 670800 WICKES COS 4 1/4 UNCH 579600 TEXAS AIR 40 1/2 OFF 2 544900 WESTERN DIG 25 1/4 UP 5/8 385500 ALZA CP 37 3/4 UP 2 1/8 333900 WANG LAB B 15 3/8 UNCH ADVANCES 285 DECLINES 296  | |
 N.Y. SUGAR SPOTS - APRIL 7 cts/lb World no. 11 6.62 up 0.01 Weighted avg no 11 6.86 up 0.03 Sugar 11 spot vol 3841  | |
 CBT SILVER CLSG 7-APR 1000 OUNCE SILVER OPEN HIGH LOW CLOSE APR7 6700L 6720H 6750 6620 6720L 6750H MAY7 6730L 6750H 6780 6680 6770B 6790A JUN7 6780L 6790H 6820 6660 6820 AUG7 6860L 6880H 6900 6770 6900 OCT7 6980 6980 6880 6970B 6990A DEC7 7070H 7040L 7080 6920 7080 FEB8 7050 7150 7050 7140B 7160A APR8 7250 7250 7100 7200 JUN8 7350 7350 7200 7290B 7310A AUG8 7420 7420 7300 7390B 7410A P SETT P SETT P SETT P SETT APR7 6570 MAY7 6600 JUN7 6640 AUG7 6720 OCT7 6800 DEC7 6880 FEB8 6960 APR8 7040 JUN8 7120 AUG8 7200  | |
Shr 52 cts vs 45 cts Net 10.9 mln vs 9498000 Assets 3.60 billion vs 3.25 billion Deposits 2.45 billion vs 2.23 billion Loans 2.16 billion vs 1.67 billion NOTE: full name of company is Central Bancshares of the South Inc. Reuter | CENTRAL BANCSHARES <CBSS> 1ST QTR NET |
The amount of coffee stored in New York and New Orleans warehouses and certified for delivery against the New York Coffee C futures totalled 585555 bags as of April 3 compared with 585794 bags the previous week a net decrease of 239 bags the New York Coffee Sugar and Cocoa Exchange said. The total comprised 392845 bags in New York an increase of 261 bags and 192710 bags in New Orleans a drop of 500 bags. The exchange said there were nil bags pending classification. There were 56578 bags pending certification including 32553 in New York and 24025 in New Orleans the exchange said. reuter | U.S. CERTIFIED COFFEE STOCKS DOWN IN LATEST WEEK |
Scores of Syrian troops marched into the battered Shatila Palestinian refugee camp in Beirut in a bid to quell five months of fighting in Lebanons camps war witnesses said. Beirut radio stations said Syrian troops would deploy at points around the camp besieged by Shiite Moslem Amal militia to guarantee freedom of movement for refugees. - - - - WASHINGTON - President Reagan said neither the United States nor the Soviet Union would occupy new embassies in each others capitals until he was certain the new U.S. Building in Moscow was secure. He added a special review board headed by former Defence Secretary Melvin Laird would examine serious security breaches at the U.S. Diplomatic mission in Moscow. - - - - BAHRAIN - Iran reported launching a new offensive east of Iraqs southern city of Basra saying troops supported by planes had killed over 2400 Iraqis. Baghdad said its forces had repulsed the attack killing thousands of Iranians. - - - - ZEEBRUGGE Belgium - A capsized British car ferry with up to 140 bodies entombed inside was winched upright in a mammoth salvage operation. - - - - BONN - West German Chancellor Helmut Kohl told President Ronald Reagan in a letter that Bonn backed a superpower pact to ban medium-range missiles from Europe but was concerned about any parallel ban on shorter-range missiles. - - - - BRUSSELS - Syria a key state in Middle East politics is showing flexibility towards the idea of an international conference on peace in the region Belgian Foreign Minister Leo Tindemans said after talks with King Hussein of Jordan. - - - - WASHINGTON - Kuwait has asked at least four countries including the United States and Soviet Union for use of their flags or tankers to protect oil shipments in the Gulf U.S. Officials said. Britain and China were also asked they added. - - - - CHANDIGARH India - Sikh extremists killed five people and set ablaze cigarette liquor and barber shops in Punjab in a new trial of strength with the states moderate government over fundamentalist reforms. - - - - LONDON - Prospects for a June election in Britain rose after senior members of Prime Minister Thatchers Conservative party urged her to go to the country a year early in the wake of more polls giving the party a commanding lead. - - - - ROME - Italys government is expected to fall tomorrow following a decision by the majority Christian Democrats to withdraw their 16 ministers unless Socialist Prime Minister Bettino Craxi resigns political sources said. - - - - BAHIA BLANCA Argentina - Pope John Paul began a swing through Argentinas rich agricultural interior with a strong defence of the rights of rural workers saying they had been neglected too long. - - - - ANKARA - A Turkish military court jailed former deputy prime minister Alpaslan Turkes for 11 years on charges of forming an armed gang and sentenced five supporters to death for murder Anatolian Agency reported. REUTER | REUTER WORLD NEWS HIGHLIGHTS 1800 GMT APRIL 7 |
 NYMEX PALLADIUM CLSG 7-APR OPEN HIGH LOW CLOSE APR7 -- -- -- -- MAY7 -- -- -- -- JUN7 13050L 13125H 13125 13000 13050L 13075H SEP7 13100L 13125H 13125 13050 -- DEC7 13110 13125 13000 -- MAR8 13025B 13125A 13200 13100 -- JUN8 13025B 13100A 13100 13100 -- P SETT SETT APR7 13030 13055 MAY7 -- -- JUN7 13030 13055 SEP7 13005 13055 DEC7 12980 13030 MAR8 12980 13030 JUN8 12980 13030  | |
 CHGO IMM SWISS FRANC CLSG 7-APR OPEN HIGH LOW JUN7 6660H 6658L 6666 6637 SEP7 6702 6706 6679 DEC7 -- 6745 6730 MAR8 -- 6772 6772 JUN8 -- -- -- CLOSE SETT PSETT JUN7 6649H 6647L 6648 6630 SEP7 6688L 6689H 6689 6672 DEC7 6730B 6730 6715 MAR8 6768N 6772 6768 JUN8 -- -- --  | |
 CHGO IMM BRITISH POUND CLSG 7-APR OPEN HIGH LOW JUN7 16095L 16100H 16105 16060 SEP7 16015 16015 15965 DEC7 -- 15890 15870 MAR8 -- 15810 15810 JUN8 -- -- -- CLOSE SETT PSETT JUN7 16075L 16080H 16080 16100 SEP7 15970B 15980 16000 DEC7 15910N 15890 15910 MAR8 15830N 15810 15830 JUN8 -- -- --  | |
Textron Inc said it plans to sell its Avco Specialty Materials Division as part of its debt reduction and restructuring. The company said it will use proceeds from the sale to reduce the debt incurred by its acquisition of Ex-Cell-O Corp last year. Textron said Morgan Stanley and Co will represent it in the sale. Reuter | TEXTRON <TXT> PLANS SALE OF AVCO DIVISION |
 CHGO IMM D-MARK CLSG 7-APR OPEN HIGH LOW JUN7 5517L 5518H 5518 5495 SEP7 5551 5551 5535 DEC7 5596 5596 5577 MAR8 -- -- -- JUN8 -- -- -- CLOSE SETT PSETT JUN7 5503H 5499L 5501 5504 SEP7 5538A 5538 5540 DEC7 5586 5577 5577 MAR8 -- -- -- JUN8 -- -- --  | |
 CHGO IMM CANADIAN DLR CLSG 7-APR OPEN HIGH LOW JUN7 7639L 7640H 7660 7637 SEP7 7630 7650 7630 DEC7 7620 7643 7620 MAR8 -- 7636 7636 JUN8 7635 7635 7629 CLOSE SETT PSETT JUN7 7656L 7657H 7656 7634 SEP7 7645 7650 7628 DEC7 7640 7643 7621 MAR8 7614N 7636 7614 JUN8 7635 7629 7607  | |
Platinum futures finished higher as the metal continued to follow the strong silver market analysts said. The key July platinum delivery settled at 572.20 dlrs an ounce up 3.60 dlrs but below a session high of 577.50 dlrs. Other months gained 3.70 to 4.60 dlrs. However steady trade selling and skittish speculators kept platinum well below session highs. Most metals players are in the silver pit not here said one floor analyst. Meanwhile palladium ended 25 to 50 cts firmer but also under the days highs in sympathy. Reuter | N.Y. PLATINUM FUTURES FINISH HIGHER |
Shr 50 cts vs 40 cts Net 9421000 vs 9312000 Rev 37.7 mln vs 36.3 mln Avg shrs 17049920 vs 21173570 NOTE: Per-share results adjusted for two-for-one common stock split in June 1986 Reuter | GREEN TREE ACCEPTANCE INC <GNT> 1ST QTR NET |
 CHGO IMM JAPANESE YEN CLSG 7-APR OPEN HIGH LOW JUN7 6926L 6929H 6929 6905 SEP7 6970 6972 6950 DEC7 7010 7016 7000 MAR8 7057 7058 7042 JUN8 -- 7100 7085 CLOSE SETT PSETT JUN7 6915H 6912L 6913 6885 SEP7 6956B 6959 6931 DEC7 7010 7008 6978 MAR8 7042 7058 7027 JUN8 7050N 7100 7050  | |
 NASDAQ COMP 15:02 COMP 435.21 OFF 2.57  | |
 N.Y. GOLD CLOSING - APR 7 422.25/423.25  | |
 N.Y. METALS FUTURES ESTIMATED VOLUMES- APRIL 7 Time 10.00 11.00 12.00 13.00 14.00 CLOSE Silver 8000 13000 17000 21000 26000 38500 Copper 900 1700 2500 3200 --- 7000 Gold 4500 8000 10500 14000 18000 28000 Aluminum 0 1 1 3 30 40 Palladium ---- 190 239 358 --- 475 Platinum ---- 2226 2876 3379 --- 4846 Reuter  | |
CTS/BU BASIS MPLS may SPRING WHEAT ORD 17un unch 11.00 12un unch 12.00 3p up 5 13.00 11p unch 14.00 38p unch 15.00 90p unch 16.00 130p unch 17.00 135pn unch NC-NO COMPARISON unch-UNCHANGED dn-DOWN P-PLUS U-UNDER N-NOML CTS BU BASIS MPLS may WINTER WHEAT MPLS/S. DAKOTA N. DAKOTA/MONTANA ORD 18un unch 18un unch 10.00 15un unch 15un unch 11.00 3un dn 2 optn dn 2 12.00 3p dn 2 6p dn 2 13.00 18p unch 10p unch 14.00 38pn unch 38pn unch 15.00 75pn unch 75pn unch 16.00 89pn unch 89pn unch NC-NO COMPARISON unch-UNCHANGED dn-DOWN P-PLUS U-UNDER N-NOML Reuter | MINNEAPOLIS WHEAT PROTEIN SCALES |
 MINNEAPOLIS CASH MALTING BARLEY PRICES APR 7 65 OR BETTER PLUMP 13.5 OR LESS PROTEIN MOREX/ROBUST 2.00-2.05 NEW CROP BEACON UNQUOTED LARKER UNQUOTED Reuter  | |
New immigration rules relating to alien farm workers and reportedly being drafted by the U.S. Agriculture Department are meeting with objections in Congress sources on Capitol Hill said. USDA is drafting regulations required by a 1986 law that would offer amnesty to illegal aliens if they worked in the cultivation of fruits vegetables and other perishable commodities. The department is considering including in its definition of perishable commodities such farm products as tobacco hops Spanish reeds and Christmas trees while excluding sugar cane the New York Times reported yesterday. Rep. Howard Berman D-Calif. would like to see the definition extended to include sugar cane cultivation of which is a breeding ground for one of the scandals of the nation Gene Smith a spokesman for Berman said. Livestock dairy and poultry producers have been lobbying USDA hard to have their products covered by the amnesty provision farm industry sources said. Chuck Fields of the American Farm Bureau Federation said livestock producers were desperate because they fear they will be unable to retain the many illegal aliens who have joined that industry. A House staff member involved in drafting the landmark 1986 immigration law who asked not to be identified said Congress did not mean to extend special amnesty provisions to workers who helped cultivate tobacco and that inclusion of hops and Spanish reeds was marginal. In addition lawmakers made it clear during consideration of the bill that lumber workers were not to be covered by the the amnesty provisions making the inclusion of Christmas trees a tough call this source said. USDA officials declined to comment on the draft regulation except to say it was subject to change before it will be released probably some time later this month. While lawmakers may object to the USDA rule under consideration relating to perishable commodities Congress is not likely to reopen debate on the controversial immigration question congressional sources said. The amnesty provision specially designed for farm workers was crucial to passage of the overall immigration bill. Congressional staff members estimate the special farm worker amnesty provision would apply to between 250000 to 350000 aliens. The law would allow eligible farm workers who worked for 90 days during the year ending May 1 1986 to apply for temporary then permanent resident status. Reuter | U.S. IMMIGRATION RULES SPARK CONGRESS OBJECTIONS |
Jamesway Corp president Arlie Lazarus said the sales for the fiscal year ending January 30 1988 would reach approximately 700 mln dlrs. Jamesway recorded sales for the fiscal year ending January 31 1987 of 612.4 mln dlrs. Reuter | JAMESWAY <JMY> SEES YEAR SALES AT 700 MLN DLRS |
The French governments privatisation offer of <Banque du Batiment et des Travaux Publics> (BTP) is attracting strong demand a spokesman for the governments adviser for the offer <Credit Industriel et Commercial> said. A CIC spokesman said demand for the BTP offer today and yesterday was similar to demand on the first two days of the share offer for another recently privatised bank <Sogenal> which closed 46 times oversubscribed. He recalled the Sogenal offer over two weeks last month was for 4.95 mln shares compared to the offer of 1.07 mln shares in BTP which closes on Friday after opening on Monday. Reuter | BANK SEES STRONG DEMAND FOR BTP PRIVATISATION OFFER |
as of Friday April 3 1986. WHEAT - 2602000 bushels including 1647000 in CHICAGO and 955000 in TOLEDO. CORN - 26620000 bushels including 11502000 in CHICAGO 14478000 in TOLEDO and 640000 in ST LOUIS. SOYBEANS - 1879000 bushels including 254000 in CHICAGO and 1625000 in TOLEDO. OATS - 871000 bushels including zero in CHICAGO and 871000 in MINNEAPOLIS. Reuter | CHICAGO BOARD OF TRADE DELIVERABLE GRAIN STOCKS |
 NY COFFEE CLSG 7-APR OPEN HIGH LOW CLOSE MAY7 10230L 10250H 10430 10190 10425 JUL7 10390L 10410H 10625 10375 10625 SEP7 10600L 10620H 10820 10580 10800L 10820H DEC7 10890L 10899H 11085 10890 11085 MAR8 11100 11100 11100 11200B 11201A MAY8 11150B 11300A 11300 11300 11250B 11300A JUL8 11300B 11350A 11600 11600 11600 SEP8 11350B -- -- 11725B 11800A SETT P SETT MAY7 10425 10204 JUL7 10625 10400 SEP7 10807 10605 DEC7 11085 10900 MAR8 11201 11050 MAY8 11275 11250 JUL8 11600 11413 SEP8 11766 11487  | |
 NEW YORK COTTON CLSG 7-APR OPEN HIGH LOW CLOSE MAY7 5580L 5590H 5675 5580 5640L 5660H JUL7 5505L 5515H 5570 5500 5530L 5550H OCT7 5515 5590 5515 5580 DEC7 5500 5565 5495 5545L 5550H MAR8 5600 5624 5600 5630B 5640A MAY8 5630B 5700A -- -- 5676B 5680A JUL8 5630B 5700A -- -- 5696B 5700A OCT8 -- -- -- -- SETT P SETT MAY7 5650 5580 JUL7 5540 5490 OCT7 5580 5505 DEC7 5547 5475 MAR8 5635 5565 MAY8 5678 5617 JUL8 5698 5647 OCT8 -- --  | |
Cuban president Fidel Castro told a Congress of the Union of Young Communists here that the production of crude sugar during the harvest still in progress is 800000 tonnes behind schedule. In a speech Sunday published in todays official paper GRANMA Castro said unseasonable rains since January seriously interrupted harvesting and milling operations especially in the central and western parts of the island. The Cuban leader said the mechanical cane harvesters scheduled to cut over 60 pct of the cane this year were particularly vulnerable as muddy fields prevent operations. Neither Castro nor the Cuban press have given out figures to estimate tonnes of crude production during the present harvest or the goals for the sugar campaign. However a cuban sugar official told Reuters that the country will be lucky if crude output reaches last years 7.2 mln tonnes. Output of crude for the previous 1984-85 harvest was 8.2 mln tonnes. The harvest was scheduled to end April 30 but due to the present shortfalls it will be extended into May and June the official said. Reuter | CUBA CRUDE SUGAR HARVEST FAR BEHIND SCHEDULE |
American Telephone and Telegraph Co said the Georgia Public Service Commission (PSC) approved its 4.1 mln dlr rate restructuring proposal to reduce intrastate long distance rates by about 4.4 pct. ATT said it will file new prices at the PSC in August to meet a Sept. 1 effective date set by the commission. The telephone company said it asked the PSC on Nov. 7 for permission to increase its prices for intrastate private line services used mainly by large business customers which ATT said were priced below its access costs. Private line service has been grossly underpriced since 1984 and therefore it has been subsidized by all long distance users Terry Hobbs assistant vice president said. As a result of todays PSC decision to allow our private line service prices to cover their access costs these subsidies will end and well be able to reduce basic long distance rates for everyone he added. Reuter | ATT <T> GETS GEORGIA RATE REDUCTION APPROVAL |
 NY COMEX GOLD CLSG 7-APR OPEN HIGH LOW CLOSE APR7 4205 4225 4185 4220L 4225H MAY7 4222B 4227A -- -- 4238 JUN7 4250 4265 4223 4256L 4265H AUG7 4293B 4298A 4307 4275 4307 OCT7 4340 4352 4314 4352 DEC7 4373 4394 4355 4387L 4394H FEB8 4430 4430 4412 4444 APR8 4473B 4478A 4465 4460 4490 JUN8 4518B 4523A 4505 4505 4536 AUG8 4566B 4571A -- -- 4585 OCT8 4615B 4620A 4605 4605 4635 DEC8 4664B 4669A 4655 4653 4684 FEB9 4712B 4717A -- -- 4733 SETT P SETT SETT P SETT APR7 4222 4185 APR8 4490 4453 MAY7 4238 4202 JUN8 4536 4498 JUN7 4262 4226 AUG8 4585 4546 AUG7 4309 4273 OCT8 4635 4595 OCT7 4353 4317 DEC8 4684 4644 DEC7 4397 4361 FEB9 4733 4692 FEB8 4444 4407  | |
 N.Y. COMMODITY FUTURES ESTIMATED VOLUMES - APRIL 7 Time 11.00 12.00 13.00 CLOSE Coffee 825 1343 1837 3605 Cocoa 756 1058 1114 1461 Sugar 11 7040 11682 16403 20339 Sugar 14 16 38 38 48 Orange ---- --- --- 1000 Cotton ---- --- --- 3800 Sugar 11 options calls 364 655 825 1040 Sugar 11 options puts 115 233 327 435 Reuter  | |
The CFTC reported the following stocks of wheat in Chicago as of Friday April 3 deliverable against CBT wheat futures in 000s bushels - CURRENT WEEK YEAR WEEK AGO AGO SOFT RED WINTER 0 0 25 HARD RED WINTER 1639 1635 54 DARK NORTHERN SPRING 0 0 0 NORTHERN SPRING 8 5 0 TOTAL DEL GRADES 1647 1640 79 NON-DEL GRADES/UNGRADED 79 69 15 CCC STOCKS 2584 2584 800 TOTAL WHEAT STOCKS 4310 4293 894 Reuter | CHICAGO DELIVERABLE WHEAT STOCKS |
 CHICAGO DELIVERABLE CORN STOCKS CHICAGO April 7 The CFTC reported the following stocks of corn in Chicago as of Friday april 3 deliverable against Chicago Board of Trade futures in 000s bushels - CURRENT WEEK YEAR WEEK AGO AGO DEL GRADES 11502 12358 7038 NON-DEL GRADES/UNGRADED 284 347 234 CCC STOCKS 11898 11898 8631 TOTAL CORN STOCKS 23684 24603 15903 Reuter  | |
 N.Y. COTTON NO.2 ESTIMATED VOLUME-APRIL 7 Estimated volume 3800 Prev official volume 3039  | |
CBT corn futures closed on or near the highs up 1-1/4 to three cents per bushel with May settling at 1.59-1/2 dlrs after posting a 1-1/2 cent range. Slow country movement yesterdays sharp jump in the weekly corn export figure to about three times last years weekly inspections plus the outlook for a continued active export pace due to the decline in the U.S. dollar this year supported nearbys traders said. Many traders said they were mystified why Drexel Burnham was such an aggressive buyer today in new crop December. Farmers will probably plant as many acres as allowed under the government programs and near-record yields must be assumed at this time because they will aggressively apply fertilizer to prime yielding acres one commercial trader noted. Reuter | CBT CORN FUTURES CLOSE HIGHER ON FIRM NOTE |
The CFTC reported the following stocks of soybeans in Chicago as of Friday April 3 deliverable against Chicago Board of Trade futures in 000s bushels - CURRENT WEEK YEAR WEEK AGO AGO DEL GRADES 254 236 10629 NON-DEL GRADES/UNGRADED 77 78 581 CCC STOCKS 10022 10022 2373 TOTAL SOYBEAN STOCKS 10353 10336 13583 Reuter | CHICAGO DELIVERABLE SOYBEAN STOCKS |
 CHICAGO DELIVERABLE OAT STOCKS CHICAGO April 7 The CFTC reported the following stocks of oats in Chicago as of Friday April 3 deliverable against Chicago Board of Trade futures in 000s bushels - CURRENT WEEK YEAR WEEK AGO AGO DEL GRADES 0 0 64 NON-DEL GRADES/UNGRADED 57 74 32 CCC STOCKS 0 0 0 TOTAL OATS STOCKS 57 74 96 Reuter  | |
Spring wheat futures closed 1-3/4 to 3/4 cents higher as some exporter pricing and firm cash demand lent support to an otherwise quiet market traders said. May closed 1-3/4 cents higher at 2.85-1/4 dlrs. The 14 pct spring wheat cash basis was steady at 38 cents over May despite increased receipts of 186 cars. Milling durum was steady at 3.95 to 4.00 dlrs and terminal quality was unchanged at 3.55 dlrs for Minneapolis and 3.80 dlrs Duluth. Other quotes were unchanged with Duluth sunseed at 7.80 dlrs number one and two oats at 1.55 to 1.66 dlrs feed barley at 1.75 dlrs for Duluth and malting barley at 2.00 to 2.05 dlrs. Reuter | MINNEAPOLIS SPRING WHEAT CLOSES HIGHER |
graded grain meeting exchange quality requirements for futures delivery excluding CCC-owned grain. Includes all non-CCC deliverable grades regardless of whether receipted and/or registered. Non-del. Grades/Ungraded - Graded grain not meeting exchange quality requirements for futures delivery and ungraded grain excluding CCC-owned grain. CCC Stocks - grains owned by CCC. Non-deliverable classes or subclasses of grain (e.g. white wheat or white corn) are not included in any of the figures. * year ago data for this category is not available. Reuter | DELIVERABLE GRADE GUIDE |
 N.Y. COMMODITIES CLOSING SPOT TRENDS - APRIL 7 Silver up 18.5 cts per oz Copper off 0.35 cts per lb Gold (Comex up 3.70 dlrs per oz Platinum up 4.20 dlrs per oz Cocoa off 9 dlr per tonne Sugar 11 up 0.15 cts per lb Coffee C up 2.21 cts per lb Cotton up 0.70 cts per lb Reuter  | |
CFTC reported as of april 3 oats stocks in Mpls deliverable against Chgo futures/000s bu- CURRENT WEEK YEAR WEEK AGO AGO DEL GRADES 871 1296 2046 NON-DEL GRADES/UNGRADED 2167 1737 444 CCC STOCKS 297 297 228 TOTAL OATS STOCKS 3335 3330 2718 Reuter | MINNEAPOLIS DELIVERABLE OAT STOCKS |
Pork belly futures traded on both sides of previous levels in choppy action before closing 0.62 cent lower to 0.70 higher. July paced nearbys lower while March led next year contracts higher. May ended at 66.17 off 0.22 cent. Uneven price moves persisted as locals traded on both sides of the market. Local and wire house buying lifted prices early before locals turned sellers and touched off stop loss orders traders said. Expectations by some traders that this afternoons out of town storage report would be negative to futures offset early support generated by higher live hog markets and light hog runs they said. Reuter | PORK BELLY FUTURES CLOSE MIXED |
Comex silver futures made session highs on the close settling with gains of 18.5 to 20.4 cents. Settling prices also set new highs for the recent move as speculative buying overcame midsession profit taking. Locals and commercial traders who went short today expecting a corrective move bought back positions. Those who went long weeks ago are still reluctant to sell traders said. Analysts said speculators continue to find silver a bargain relative to gold and are snapping up the metal as a cheap inflation hedge. May closed 18.5 cents higher at 6.765 dlrs. July was up 18.7 cents at 6.841 dlrs. Open interest at yesterdays close rose to 109534 contracts a new high for the move. Estimated volume today was 38500 lots including 4326 switches. Reuter | COMEX SILVER FUTURES CLOSE ON HIGHS |
 NY ORANGE JUICE CLSG 7-APR OPEN HIGH LOW CLOSE MAY7 13100L 13105H 13350 13100 13275L 13300H JUL7 12930 13350 12930 13170 SEP7 12700B 12780A 12810 12750 12780B 12810A NOV7 12450B 12500A 12640 12450 12595B 12600A JAN8 12450B 12500A 12550 12500 12530B 12540A MAR8 12450B 12550A -- -- 12530B 12540A MAY8 12450B 12550A -- -- 12530B 12540A JUL8 12450B 12550A -- -- 12530B 12540A SEP8 12450B 12550A -- -- 12530B 12540A SETT P SETT MAY7 13290 13120 JUL7 13170 12910 SEP7 12795 12715 NOV7 12600 12540 JAN8 12535 12455 MAR8 12535 12455 MAY8 12535 12455 JUL8 12535 12455 SEP8 12535 12455  |
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