Harvest 2018 is nearly complete, and here at Ceres Midland it was a record breaking event. Farm bins are full and while some
Elevators got full we were fortunate that our grain trains arrived timely making it possible for us to remain open every day.  

 Now a good solid marketing plan is required to market these bushels.
We can help with well thought out plans for each on an individual basis.

With the Holidays rapidly approaching we want to give thanks for all of our family and friends. It has been
a pleasure working with all of you.



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Stocks Suffer Big Weekly Loss          12/07 15:59

   Wall Street capped a turbulent week of trading Friday with the biggest 
weekly loss since March as traders fret over rising trade tensions between 
Washington and Beijing and signals of slower economic growth.

   (AP) -- Wall Street capped a turbulent week of trading Friday with the 
biggest weekly loss since March as traders fret over rising trade tensions 
between Washington and Beijing and signals of slower economic growth.

   The latest wave of selling erased more than 550 points from the Dow Jones 
Industrial Average, bringing its three-day loss to more than 1,400. For the 
week, major indexes are down more than 4 percent.

   Worries that the testy U.S.-China trade dispute and higher interest rates 
will slow the economy has made investors uneasy, leading to volatile swings in 
the market from one day to the next.

   On Monday, news that the U.S. and China had agreed to a 90-day truce in 
their escalating trade conflict drove stocks sharply higher, adding to strong 
gains the week before. The next day, as doubts mounted over the likelihood of a 
swift resolution to the trade dispute, stocks sank. On Friday, another early 
rally faded into another sharp drop.

   "We're in a market where investors just want to sell any upside that they 
see," said Lindsey Bell, investment strategist at CFRA. "The volatility we've 
seen the last couple of weeks has been pretty extreme in both directions."

   The S&P 500 index fell 62.87 points, or 2.3 percent, to 2,633.08. The index 
has ended lower three out of the last four weeks. The Dow dropped 558.72 
points, or 2.2 percent, to 24,388.95.

   The Nasdaq composite slid 219.01 points, or 3 percent, to 6,969.25. The 
Russell 2000 index of small-company stocks gave up 29.32 points, or 2 percent, 
to 1,448.09.

   The S&P 500 and Dow are now in the red for the year again. The Nasdaq was 
holding on to a modest gain.

   Volatility has gripped the market since early October, reflecting investors' 
worries that the Federal Reserve might overshoot with its campaign of rate 
increases and hurt U.S. economic growth.

   Traders also fear that a prolonged trade dispute between the U.S. and China 
could crimp corporate profits and that tariffs will raises costs for businesses 
and consumers. Uncertainty over those issues helped drive the market's sell-off 
this week.

   "The Fed has taken the punch bowl away in getting back to rates where they 
are today," said Doug Cote, chief market strategist for Voya Investment 
Management. "We're also going to get back to more normal volatility."

   At the same time, traders are also worried about a sharp drop in long-term 
bond yields as investors plow money into Treasurys, which tends to happen when 
investors expect slower economic growth.

   Technology stocks accounted for much of the market's broad slide Friday. 
Chipmaker Advanced Micro Devices slid 8.6 percent to $19.46.

   Health care sector stocks, the biggest gainer in the S&P 500 this year, took 
some of the heaviest losses. Medical device company Cooper lost 12.3 percent to 

   Utilities, which investors favor when they're fearful, eked out a slight 
gain. PPL Corp. gained 2.8 percent to $31.09.

   Oil prices rose after OPEC countries agreed to reduce global oil production 
by 1.2 million barrels a day for six months, beginning in January. The move 
would include a reduction of 800,000 barrels per day from OPEC countries and 
400,000 barrels per day from Russia and other non-OPEC nations.

   The news, which had been widely anticipated, pushed crude oil prices higher. 
U.S. benchmark crude rose 2.2 percent to $52.61 a barrel in New York. Brent 
crude, used to price international oils, gained 2.7 percent to $61.67 a barrel 
in London.

   The Labor Department said U.S. employers added 155,000 jobs in November, a 
slowdown from recent months but enough to suggest that the economy is expanding 
at a solid pace despite sharp gyrations in the stock market. The unemployment 
rate remained at 3.7 percent, nearly a five-decade low, for the third straight 

   Bond prices rose, sending yields slightly lower. The yield on the 10-year 
Treasury fell to 2.86 percent from 2.87 percent late Thursday.

   The decline in bond yields, which affect interest rates on mortgages and 
other consumer loans, weighed on banks, which make more money when rates are 
rising. Morgan Stanley slid 3 percent to $41.32.

   The dollar rose to 112.66 yen from 112.65 yen late Thursday. The euro 
strengthened to $1.1418 from $1.1373.

   Gold gained 0.7 percent to $1,252.60 an ounce. Silver climbed 1.3 percent to 
$14.70 an ounce. Copper added 0.6 percent to $2.76 a pound.

   In other commodities trading, wholesale gasoline climbed 3.7 percent to 
$1.49 a gallon. Heating oil rose 1.5 percent to $1.89 a gallon. Natural gas 
gained 3.7 percent to $4.49 per 1,000 cubic feet.

   In Europe, Germany's DAX dipped 0.2 percent while the CAC 40 in France rose 
0.7 percent. Britain's FTSE 100 jumped 1.1 percent. Major indexes in Asia 
finished mostly higher.

   Japan's benchmark Nikkei 225 added 0.8 percent and Australia's S&P/ASX 200 
gained 0.4 percent. South Korea's Kospi rose 0.3 percent. Hong Kong's Hang Seng 
gave up 0.3 percent. 


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