Agricultural Market Sees Fluctuations in Commodity Prices
On Friday, May 17, 2024, the agricultural market experienced fluctuations in commodity prices, with corn and wheat prices declining while soybeans showed strength. Karl Setzer from Consus Ag Consulting highlighted the mixed futures trading, attributing the downward pressure on wheat prices to larger crop estimates and smaller Russian wheat losses. Corn prices were impacted by sluggish exports and increased planting, while soybeans were supported by spread trading and inventory damage in Brazil. Livestock and crude oil prices also saw movements, reflecting the dynamic nature of the agricultural market amidst weather challenges faced by farmers.
May 17, 1954: Brown vs. Board of Education Ruling
On May 17, 1954, the U.S. Supreme Court made a landmark civil rights decision in Brown vs. Board of Education, declaring racial segregation in public schools unconstitutional. Today, on May 17, 2024, we celebrate the 139th day of the year with a look back at historical figures born on this day, such as Edward Jenner and Dennis Hopper. In other events, the New York Stock Exchange was established on May 17, 1792.