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
  • Local grains for April 25, 2014 (Per bushel) No. 2 No. 1 Corn Soyb Wht Cargill 5.03 Farmer’s 4.86 14.43 DFS Osky 4.98 14.42 Reiff Grain 4.82 14.42 Wapello Co. 4.83 14.34 Two Rivers 4.83 14.37 Tri-County 4.84 14.40

    April 24, 2014

  • Local grains for April 24, 2014 (Per bushel) No. 2 No. 1 Corn Soyb Wht Cargill 5.05 Farmer’s 4.87 14.35 DFS Osky 5.00 14.38 Reiff Grain 4.85 14.35 Wapello Co. 4.85 14.26 Two Rivers 4.83 14.28 Tri-County 4.86

    April 23, 2014

  • Local grains for April 23, 2014 (Per bushel) No. 2 No. 1 Corn Soyb Wht Cargill 5.01 Farmer’s 4.80 14.54 DFS Osky 4.96 14.50 Reiff Grain 4.75 14.53 Wapello Co. 4.81 14.45 Two Rivers 4.76 14.45 Tri-County 4.80 14.51

    April 22, 2014

  • 0423 OTT Elliott Oil photo bw 1 -T -L -M Three organizations benefit from BP Fueling Communities grants OTTUMWA — Elliott Oil Company recently awarded three BP Fueling Communities grants totaling $20,000. Elliott Oil Company and the BP Fueling Communities program provides grants to local organizations that are nominated by BP Branded Marketers (Elliott

    April 22, 2014 6 Photos

  • Local grains for April 22, 2014 (Per bushel) No. 2 No. 1 Corn Soyb Wht Cargill 4.93 Farmer’s 4.79 14.72 DFS Osky 4.88 14.64 Reiff Grain 4.70 14.71 Wapello Co. 4.73 14.63 Two Rivers 4.69 14.64 Tri-County 4.73 14.69

    April 21, 2014

  • Pella Regional employees recognized for years of service PELLA — Pella Regional Health Center hosted an Employee Recognition Breakfast on April 17 to honor employees who have reached milestone anniversaries during the months from October 2013 through March 2014. Those that were recognized include (listed b

    April 21, 2014

  • MidWestOne Financial Group declares dividend IOWA CITY — MidWestOne Financial Group, Inc., parent company of MidWestOne Bank, announced that the company's Board of Directors has declared a second quarter cash dividend of $0.145 per common share, which is the same as the dividend paid last quart

    April 21, 2014

  • 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

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