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Consumer Corner: Foreclosure settlement no magic bullet for economy
CHICAGO, March 6 (UPI) -- Grains closed mostly higher on the Chicago Board of Trade Friday as traders said the dollar appeared poised for a downward correction.
Corn was up 3 to up 3 1/2, soybeans were up 14 3/4 to up 16 1/2, wheat was up 6 1/4 to up 7 and oats were off 1 3/4.
Corn prices gained early as ethanol producers pushed for higher ethanol mandates in Washington. Wheat lifted as traders' attention increasingly shifts to this year's winter wheat crop. Soybeans rallied, as traders focused on harvest delays in Brazil.
The prices:
Corn: Mar 3.52 3/4, up 3 1/2; May 3.61 1/2, up 3; Jul 3.71, up 3 1/4; Sep 3.79 1/4, up 3.
Soybeans: Mar 8.79, up 16 1/2; May 8.67, up 15; Jul 8.66, up 14 3/4; Aug 8.53, up 15 1/2.
Wheat: Mar 5.16, up 12 1/4; May 5.27, up 12; Jul 5.38 3/4, up 11 3/4; Sep 5.63, up 11 3/4.
Oats: Mar 1.74, off 1 3/4; May 1.82 3/4, off 1 3/4; Jul 1.91 3/4, off 1 3/4; Sep 2.00 3/4, off 1 3/4.
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SYDNEY, Feb. 13 (UPI) --
Researchers in Australia are developing a solar roof system that uses wasted energy to warm air and water.
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WASGHINGTON, D.C., Feb. 13 (UPI) --
Defense industries are weighing the potential impact of proposed defense cuts running into tens of billions of dollars over the next 10 years.
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Local markets will probably not be swamped by waves of foreclosures following the multi-state mortgage settlement announced yesterday. Rather, the huge inventory of one to two million foreclosures will enter markets gradually....
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Investors will not have the distraction of financial reports to look forward to this week. They will have to look at the spot news headlines instead.
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