Wheat falls; rain heads to drought-stricken Kansas

Memorial Day travelers bemoan high gas prices

Norm Hayward and his wife, Claudia, have a couple of things going for them as they continue their increasingly expensive motor home trip around parts of the United States. For starters, the Phoenix, Ariz., couple are saving on hotel costs.

Business

Discussion

January 22, 2013

Wheat falls; rain heads to drought-stricken Kansas

Anonymous From The Associated Press The Joplin Globe Tue Jan 22, 2013, 03:18 PM CST

NEW YORK — Wheat futures are ending lower as forecasters call for rain to come to drought-stricken Kansas. Crude oil is closing at its highest level in four months.

Wheat for March delivery settled down 12 cents to $7.7925 a bushel Tuesday.

Mike Zuzolo, president of Global Commodity Analytics and Consulting, said the rain would be “very welcome” to producers in the southern part of Kansas and Oklahoma still being affected by extreme drought.

Soybeans rose on forecasts for dry weather in southern Brazil and Argentina, which are major producers of the bean. The March contract rose 22.5 cents to $14.5175 a bushel.

Crude oil rose 68 cents to $96.24 a barrel on the New York Mercantile Exchange. Oil has risen nearly $3 a barrel over the last four days.

Text Only

Business

Stocks mixed as investors reassess Fed worries
Investors recovered their poise by midday Thursday after an early sell-off sent stocks sharply lower.

May 23, 2013 1 Photo
Between economy and trouble, Obama approval steady
The economy is recovering, the White House is dealing with multiple controversies, and President Barack Obama appears generally unaffected either way.

May 23, 2013
Other companies challenging contraception mandate
Hobby Lobby Stores Inc. is challenging the part of the federal health care law that requires for-profit companies to offer employees health coverage that includes products the business owners find morally objectionable, such as certain types of contraception.

May 23, 2013
Stricken Japan nuke plant struggles to keep staff
Keeping the meltdown-stricken Fukushima nuclear plant in northeastern Japan in stable condition requires a cast of thousands. Increasingly the plant’s operator is struggling to find enough workers, a trend that many expect to worsen and hamper progress in the decades-long effort to safely decommission it.

May 23, 2013
Birth control coverage up for federal appeal
In the most prominent challenge of its kind, Hobby Lobby Stores Inc. is asking a federal appeals court Thursday for an exemption from part of the federal health care law that requires it to offer employees health coverage that includes access to the morning-after pill.

May 23, 2013
Ammonia leak at Kan. plant sends 7 to hospital
Seven people have been released from an Emporia hospital after an ammonia leak at the city’s Tyson Foods plant.

May 23, 2013
Markets roiled by Nikkei’s 7.3 percent slide
Financial markets around the world were roiled Thursday after Japanese stocks suffered their biggest slide since the country was hit by a devastating tsunami more than two years ago.

May 23, 2013 1 Photo
BP donates $500K to Moore tornado relief effort
Oil company BP is donating $500,000 to the tornado relief effort in Moore.

May 23, 2013
First Look: New Xbox elegant, but much unknown
Will gamers want One?

May 22, 2013 1 Photo
Median CEO pay rises to $9.7 million in 2012
CEO pay has been going in one direction for the past three years: up.

May 22, 2013
More Business Headlines