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Top News & Analysis Chicago

  • CHICAGO, Nov 16- U.S. soybean futures fell on Wednesday as traders turned their attention to rising inventories from a record-large harvest and mostly favorable crop weather in South America, analysts said. As of 12:35 p.m. CST, Chicago Board of Trade January soybeans were down 5-1/ 2 cents at $9.84 per bushel. "We got a little bounce off the crush report yesterday,...

  • *Russia ready to support OPEC decision on output freeze. *OPEC sec-gen to meet Venezuelan president Wednesday. Russia said it was ready to support OPEC's decision on an output freeze and sees big chances that the oil producers' group can agree on the terms of the freeze by Nov. 30, Russian Energy Minister Alexander Novak said.

  • *Russia ready to support OPEC decision on output freeze. *OPEC sec-gen to meet Venezuela president Wednesday. NEW YORK, Nov 16- Oil prices edged higher in volatile trading as the market weighed Russia's comments about a possible meeting with Saudi Arabia on possible output cuts against a bigger-than-expected U.S. crude storage build.

  • NEW YORK, Nov 16- The U.S. Treasury yield curve flattened on Wednesday with yields on shorter-dated maturities rising while yields on longer-dated ones fell as U.S. producer prices and industrial output data showed inflation could be growing more slowly than expected. Yields on the 2- year note earlier hit 1.03 percent, the highest since Jan. 4.

  • *Some OPEC members likely to meet in Doha on Friday- source. *ABN Amro lowers Q4 oil price forecasts to $50/ barrel. Brent futures were down 28 cents, or 0.6 percent, at $46.67 a barrel by 10:09 a.m. EST.

  • Nov 16- Two CSX Corp trains collided and derailed in central Florida early on Wednesday, injuring two crew members, the company said. The derailment caused a 4,000- gallon fuel leak from the trains, a CBS television affiliated station in Orlando reported. The phosphate train was traveling from Mulberry, Florida, to Chicago, with three locomotives and 100 loaded...

  • HAMBURG/ SINGAPORE, Nov 16- Chicago soybeans rose for a second session on Wednesday, underpinned by strong export demand and data showing U.S. oilseed processors in October recorded their third-largest crush in history. Chicago Board of Trade January soybeans had risen 0.4 percent to $9.94 a bushel by 1106 GMT, after a gain of 0.5 percent on Tuesday.

  • Boeing aircraft at Boeing Field in Seattle

    Boeing Co. plans to move about 2,500 positions to other sites, cut 500 jobs, and close two facilities by the end of 2020.

  • *The most active wheat futures on the Chicago Board Of Trade fell 0.25 percent to $3.98 a bushel, having closed up 1.3 percent on Tuesday. *The crop was 94 percent planted as of Sunday, the U.S. Department of Agriculture said. *U.S. Department of Agriculture confirmed sales of more than 700,000 tonnes of U.S. soybeans so far this week.

  • "Their job is to protect us, but instead they're protecting corporate interests and profits and money," said Cannon Ball protester Fumi Tosu, 38, of San Jose, California, adding that police used mace on demonstrators. Energy Transfer Partners, the main company behind the pipeline, is seeking an easement to tunnel under Lake Oahe, the North Dakota water source at the...

  • LONDON- Federal Reserve Bank of St. Louis President James Bullard participates in panel, "Monetary Policy after QE: Helicopter Money or Back to Raising Rates?" NEW YORK- The Federal Reserve Bank of New York, the Board of Governors of the Federal Reserve System, and the Freelancers Union convene a forum titled "The Evolution of Work". Speakers include William Dudley,...

  • LONDON- Federal Reserve Bank of St. Louis President James Bullard participates in panel, "Monetary Policy after QE: Helicopter Money or Back to Raising Rates? NEW YORK- The Federal Reserve Bank of New York, the Board of Governors of the Federal Reserve System, and the Freelancers Union convene a forum titled "The Evolution of Work. "Speakers include William Dudley,...

  • Morton County Sheriff's Department said in a statement that there were 25 arrests at the Cannon Ball protest and demonstrators tried to block a railroad with a pickup truck. Energy Transfer Partners, the main company behind the pipeline, is seeking an easement to tunnel under Lake Oahe, the North Dakota water source at the heart of the protests.

  • Chicago- based United is the first major U.S. carrier to make such a move for carry-ons, which it hopes will attract some new customers and push some of its regular flyers toward higher fares. Combined with better flight connections and revamped pricing algorithms, the airline said at its investor day that it aims to add $4.8 billion to yearly operating income by...

  • HOUSTON, Nov 15- The companies behind the Dakota Access Pipeline asked a U.S. court to intervene in the fight over its completion as demonstrators fanned out across North America on Tuesday to protest the controversial project. In what were expected to be the largest demonstrations to date against the pipeline, people across North America rallied outside Army...

  • As of 12:56 p.m. CST, Chicago Board of Trade December corn was up 4 cents at $3.41-1/ 4 per bushel. December wheat rose 3-3/ 4 cents to $3.97-3/ 4 a bushel and January soybeans were up 1-3/ 4 cents at $9.86 a bushel. "Some people are staring at crude, which is up $2, helping corn," said Terry Reilly, an analyst with Futures International.

  • WASHINGTON, Nov 15- The U.S. International Trade Commission said on Tuesday it had voted to investigate whether some electronic mobile devices from Chinese companies contain hardware and software components that infringe upon patents owned by Qualcomm Inc.. The panel, acting on a complaint by Qualcomm, said it would look at integrated circuits, cameras,...

  • The company expects the moves to add $4.8 billion to its annual operating income by 2020, although the figure does not include rising wages. Billionaire investor Warren Buffett's Berkshire Hathaway disclosed stakes in four U.S. airlines including United on Monday. United's latest moves appear to be the most restrictive yet, for a "basic economy" fare product,...

  • *Corn eases as Brazil plantings progress in benign weather. SINGAPORE/ PARIS, Nov 15- Chicago corn fell for a third consecutive session on Tuesday, hovering close to its lowest since early October as near-perfect planting weather across Brazil anchored the market. The Chicago Board of Trade most-active corn contract gave up 0.2 percent to $3.36-1/ 2 a bushel by...

  • SYDNEY, Nov 15- U.S. wheat edged higher on Tuesday, rebounding from a near six-week low touched in the previous session, though U.S. dollar strength loomed over the market, denting export prospects for the world's largest exporter. *The most active wheat futures on the Chicago Board Of Trade rose 0.38 percent to $3.95-1/ 2 a bushel after closing down 2.2 percent on...