Snapshot of news and events for today
||Major world indicators
- The 225-issue Nikkei Stock Average finished 191.06 points lower, or 2.3%, at 8065.79.
- The dollar was at 90.76 yen from 90.69 yen late Monday.
Friday's U.S. Markets...
- The Dow Jones Industrial Average rose 68.73 points, or 0.8 percent, to 8281.22 -- down 37 percent for the week. The Nasdaq Composite Index rose 17.49, or 1.16 percent, to close at 1,529.33.
- The 10-year Treasury note shed 1 4/32, or $11.25 for every $1,000 invested, to yield 2.322 percent.
- The dollar was at 90.59 yen from 89.84 yen, while the euro was at $1.3289, up from $1.3154 late Thursday.
||Yesterday's action and
What happened the prior trading day...
- Corn: Futures finished with 25-plus cent gains today to close out a very wild week of trade.
- Soybeans: Futures closed around 15 cents higher to help trim losses for the week.
- Wheat: March Chicago wheat finished about 48 cents below last week's close to do some near-term chart damage.
- Cotton: Futures posted slight gains for the day following a choppy session.
- Lean Hogs: Lean hog futures fell under pressure last week.
- Live Cattle: Live cattle futures posted slight gains.
||Other reports affecting agriculture
||Links to top news reports
with potential U.S. ag impact
Wall Street Journal (subscription to site required for access)
- Obama to Call for a New Era of Responsibility Huge Crowds Gather as First African-American President Takes Office; Aides Expect Steps on Iraq War, Bank Policy This Week Some two million people are expected in Washington for the inauguration with the real work of the Obama administration seen beginning Wed., including work on plans for a 16-month withdrawal of forces from Iraq.
An Impresario Hustles to Stage the Inaugural
Trio From Clinton Era Influence The New White House Indirectly
Deficits Restrict Obama as His Promises Come Due
Work With Congress Shows New Tack
- Economic Savvy Needed to Get New York Senator Job New York's governor said that attention to economic details will be a key factor for the next U.S. Senator from the state. Some say that could work against Caroline Kennedy as the pick to succeed Hillary Clinton.
- Victims of Tainted Milk File Lawsuit in China's High Court Some 213 families have filed suit against milk producers over tainted milk in Supreme People's Court by mail. It's not clear the court will take the case or not.
- Russia, Ukraine Sign Deal To End Natural-Gas Impasse. The two countries have again reached a deal that aims at restoring natural gas supplies from Russia to Europe. The 10-year deal is supposed to prevent the situation from becoming an annual event.
- Peanut-Product Recalls Mount in Salmonella Case . More food companies have recalled products made with peanuts as they were supplied peanuts butter from Peanut Corp. where salmonella has been found. FDA said Peanut Corp. sold products to 85 food distributors and manufacturers.
New York Times (registration to site required)
||Monitoring the countryside
Fargo Forum (North Dakota)
- Speaker questions value of ethanol David Swenson of ISU says he's not overly optimistic about the positive impact ethanol will have on the rural economy, noting how much things have dimmed for the corn-based fuel in the past year.
Omaha World-Herald (Nebraska)
- Fertilizer prices fall, but few are buying Fertilizer prices have been dropping in recent weeks, but the decline hasn't spurred much farmer buying of this input. Some say it's because they are waiting on still-lower prices while others say they may be opting to use less this growing season.
Des Moines Register (Iowa)
|Laughing with, not at
||From political humorists
Jay Leno: "Did you all see President Bush's farewell address last night? President Bush said he always did what he thought was right. Far right, but right."
Jay Leno: "President Bush said he's gonna live in Dallas when he leaves the White House. And, of course, the community in Dallas welcoming him. You know, as a President who had a disappointing and horrible year, he'll be named an honorary member of the Dallas cowboys."