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 July 31, 2014 (Per bushel) No. 2 No. 1 Corn Soyb Wht Cargill 3.63 Farmer’s 3.54 12.14 DFS Osky 3.58 12.56 Reiff Grain 3.54 12.13 Wapello Co. 3.43 12.04 Two Rivers 3.42 12.34 Tri-County 3.50 12.43

    July 30, 2014

  • Local grains for July 30, 2014 (Per bushel) No. 2 No. 1 Corn Soyb Wht Cargill 3.66 Farmer’s 3.54 12.18 DFS Osky 3.61 12.70 Reiff Grain 3.54 12.17 Wapello Co. 3.46 12.09 Two Rivers 3.42 12.55 Tri-County 3.50 12.57 4

    July 29, 2014

  • Mid-American alerts customers to scams DES MOINES — Scam artists are at it again. MidAmerican Energy Company and local police have noted an increase in reports of suspicious calls and personal contacts from individuals posing as utility employees and threatening customers with service dis

    July 29, 2014

  • Local grains for July 29, 2014 (Per bushel) No. 2 No. 1 Corn Soyb Wht Cargill 3.73 Farmer’s 3.51 12.43 DFS Osky 3.68 12.83 Reiff Grain 3.60 12.35 Wapello Co. 3.53 12.36 Two Rivers 3.48 12.66 Tri-County 3.55 12.43

    July 28, 2014

  • Local grains for July 26, 2014 (Per bushel) No. 2 No. 1 Corn Soyb Wht Cargill 3.61 Farmer’s 3.57 12.34 DFS Osky 3.56 12.58 Reiff Grain 3.55 12.34 Wapello Co. 3.41 12.26 Two Rivers 3.43 12.40 Tri-County n/a n/a n/a

    July 25, 2014

  • West Music receives two national awards CORALVILLE — West Music Company, headquartered in Coralville, has been honored with two national awards, a Top 100 Dealer award by the National Association of Music Merchants (NAMM) as well as the Steinway Dealer of the Year award in June 2014. The T

    July 25, 2014

  • MidWestOne releases earnings IOWA CITY — MidWestOne Financial Group Inc. recently reported results for its three and six months ended June 30. Net income for the second quarter of 2014 rose to $4.8 million, compared with $4.5 million for the same period last year. Diluted earnin

    July 25, 2014

  • Local grains for July 25, 2014 (Per bushel) No. 2 No. 1 Corn Soyb Wht Cargill 3.59 Farmer’s 3.55 12.33 DFS Osky 3.54 12.60 Reiff Grain 3.54 12.30 Wapello Co. 3.39 12.25 Two Rivers 3.42 12.37 Tri-County 3.49 12.33

    July 24, 2014

  • Local grains for July 24, 2014 (Per bushel) No. 2 No. 1 Corn Soyb Wht Cargill 3.60 Farmer’s 3.57 12.49 DFS Osky 3.55 12.51 Reiff Grain 3.55 12.40 Wapello Co. 3.47 12.34 Two Rivers 3.42 12.29 Tri-County 3.55 12.48

    July 23, 2014

  • Local grains for July 23, 2014 (Per bushel) No. 2 No. 1 Corn Soyb WhtCargill 3.62Farmer’s 3.60 12.27DFS Osky 3.57 12.47Reiff Grain 3.54 12.20Wapello Co. 3.50 12.17Two Rivers 3.40 12.23Tri-County 3.58 12.26 4.53Troy Blfd 3.59 12.26 4.39Troy Bkbg 3.48 12.16 4.37

    July 23, 2014

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