The Ottumwa Courier

Business

April 22, 2013

Cold and rain slows planting of grain

Cool, wet weather across much of the Midwest is plaguing farmers who are unable to plant their corn crop into soggy, cold soil. Some weather watchers fear that unfavorable weather could continue through early May, putting some farmers far behind schedule to plant this year’s crop. Currently, most analysts believe that only 7 percent of the U.S. corn crop has been planted so far, compared to an average of 19 percent for this time of year.

Despite the problems that farmers are experiencing, corn prices have not responded, indicating that most traders are still optimistic that a huge crop will be planted on time. As of midday Friday, the value of this year’s fall crop December corn was $5.46 per bushel.

Unusually cold weather across the Midwest has also supported natural gas prices, which continued rallying this week, climbing 20 cents (+4.7 percent) to $4.42 by Friday morning, the highest price in nearly two years.

Gold collapse sets 30-year record

Gold prices continued crumbling last week, melting to the lowest level in over two years. On Monday alone, prices fell $140 per ounce (-9.3 percent), the largest one-day drop since 1980.

The precious metal lost its luster as news reports broke of a slowdown in the Chinese economy, which spurned more selling after the previous week’s Cyprus-driven sell-off. The tragedy in Boston last week and ensuing uncertainty were also cited by some traders as accelerating a general sell-off in commodities which put additional pressure on the gold market, pushing prices as low as $1,321 on Tuesday. By the end of the week, gold had stabilized near $1,400 per ounce, recovering almost half of its losses.

Crude oil, copper, and the S&P 500 stock index futures also began the week with a tumble, but stabilized by week’s end.

Cocoa rises on supply fears

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Business
  • Blue Zones Project Fairfield meets restaurant designation goal FAIRFIELD — Blue Zones Project Fairfield announced that Crepe Escape has achieved Blue Zones Restaurant designation, joining Istanbul Grill, Doc’s Inn, Green Gourmet, The Gardens Seasonal Kitchen, Revelations and Yummy’s. As a result, Fairfield has a

    April 17, 2014

  • Local grains for April 18, 2014 (Per bushel) No. 2 No. 1 Corn Soyb Wht Cargill 5.00 Farmer’s 4.85 14.87 DFS Osky 4.91 14.79 Reiff Grain 4.74 14.86 Wapello Co. 4.80 14.78 Two Rivers 4.75 14.79 Tri-County 4.80

    April 17, 2014

  • Local grains for April 17, 2014 (Per bushel) No. 2 No. 1 Corn Soyb Wht Cargill 4.95 Farmer’s 4.85 14.94 DFS Osky 4.90 14.84 Reiff Grain 4.76 14.93 Wapello Co. 4.75 14.85 Two Rivers 4.78 14.79 Tri-County 4.76 14.91

    April 16, 2014

  • MidWestOne to host document shredding event OTTUMWA — MidWestOne Bank is hosting Community Shred Days, April 21-25. The public is invited to bring up to three grocery bags full of paper to be shredded and recycled for free. On-Site Information Destruction, Inc. of Waterloo is supplying locati

    April 15, 2014

  • Local grains for April 16, 2014 (Per bushel) No. 2 No. 1 Corn Soyb Wht Cargill 5.02 Farmer’s 4.83 14.78 DFS Osky 4.97 14.56 Reiff Grain 4.81 14.77 Wapello Co. 4.82 14.69 Two Rivers 4.84 14.61 Tri-County 4.83

    April 15, 2014

  • Local grains for April 15, 2014 (Per bushel) No. 2 No. 1 Corn Soyb Wht Cargill 5.03 Farmer’s 4.88 14.53 DFS Osky 4.98 14.31 Reiff Grain 4.80 14.51 Wapello Co. 4.83 14.43 Two Rivers 4.85 14.36 Tri-County 4.85 14

    April 14, 2014

  • Local grains for April 12, 2014 (Per bushel) No. 2 No. 1 Corn Soyb Wht Cargill 4.98 Farmer’s 4.54 14.35 DFS Osky 4.93 14.18 Reiff Grain 4.75 14.33 Wapello Co. 4.78 14.25 Two Rivers 4.81 14.23 Tri-County 4.79 14.33

    April 11, 2014

  • Area nurses to be honored May 4 DES MOINES — 100 Great Iowa Nurses will be celebrated May 4 at the Iowa Events Center Grand Ballroom in Des Moines. The celebration is an annual prelude to National Nurses Week, which begins on May 6 and ends May 12 (the birthday of Florence Nighting

    April 11, 2014

  • Local grains for April 11, 2014 (Per bushel) No. 2 No. 1 Corn Soyb Wht Cargill 5.01 Farmer’s 4.86 14.52 DFS Osky 4.96 14.37 Reiff Grain 4.78 14.50 Wapello Co. 4.81 14.42 Two Rivers 4.83 14.42 Tri-County 4.82 14.50

    April 10, 2014

  • MHP donates AEDs to Lacey Recreation Complex OSKALOOSA — Employees at Mahaska Health Partnership wanted to do something special to recognize National Heart Health Month in February. They ended up raising enough money to purchase two AEDs (automated external defibrillator) for the Lacey Recreati

    April 10, 2014

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