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A federal judge in Kansas City, Kansas, ordered Dow Chemical Co on Wednesday to pay $1.2 billion in a price-fixing case involving chemicals used to make foam products in cars.
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Winter storm warnings and advisories were in place for much of the central and southern Plains and into the upper Midwest and Mississippi River Valley as the storm moved east, packing snow, sleet and freezing rain, the National Weather Service said.
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*USDA says 2012 drought has little relevance to 2013 prospects. WASHINGTON, Feb 21- The U.S. Department of Agriculture on Thursday projected a rebound in U.S. corn and soybean yields in 2013 that, along with high planted acreage, opens the door to record-large crops and for prices to tumble from 2012/ 13 levels.
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*USDA projects record large U.S. corn, soy harvests. The winter storm was dumping several inches of moisture through dry parts of Oklahoma, Kansas and Nebraska.
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*Linn shares rise 4 pct, Berry up 18 pct. Feb 21- U.S. oil and gas producer Linn Energy LLC will buy Berry Petroleum Co for $2.5 billion in stock, raising its output by about a third and boosting its oil reserves in Texas, California, Colorado and Utah. Linn's shares rose 4 percent to $38.52 in early trading.
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*Soybeans fall after biggest 3- day rally since August 2012. *Port workers in Brazil plan to strike on Friday. LONDON, Feb 21- U.S. soy prices eased on Thursday as a rally fuelled by dry weather in Argentina and the prospect of a port strike in Brazil was halted by losses in commodity markets linked to a stronger dollar and renewed global economic concerns.
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KANSAS CITY, Feb 21- The heavy winter snowstorm sweeping across the U.S. midsection was a welcomed event for U.S. winter wheat farmers worried that their drought-stricken fields were too parched to produce a healthy crop this year. Nearly a foot or more of snow fell across key growing areas in Oklahoma and Kansas in the last 24 hours, and more was coming.
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*USDA projects record large U.S. corn, soy harvests. "It's the mighty snowstorm," said Jerry Gidel, chief feed grains analyst for Rice Dairy. At the Chicago Board of Trade, March wheat lost 2.2 percent to $7.22- 1/ 2 per bushe1 by 11:45 a.m. CST.
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KANSAS CITY, Feb 21- The heavy winter snowstorm sweeping across the U.S. midsection was a welcomed event for U.S. winter wheat farmers worried that their drought-stricken fields were too parched to produce a healthy crop this year. Nearly a foot or more of snow fell across key growing areas in Oklahoma and Kansas in the last 24 hours, and more was coming.
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Feb 20- A federal jury has ordered Dow Chemical Co to pay $400 million in a price-fixing case involving chemicals used to make foam products in cars, furniture and packaging, according to court documents. Last month, it went to trial in a federal court in Kansas City.
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Feb 20- Dow Chemical Co on Wednesday was ordered by a federal jury to pay $400 million in a price-fixing case over chemicals used to make a wide range of foam products found in cars, furniture and packaging, according to court documents. Last month, it went to trial in Kansas City, Kansas federal court.
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CHICAGO, Feb 20- Crop-friendly rain and snow is blanketing much of the drought-stricken U.S. "Widespread coverage of the Plains and western Midwest will occur in the next two days, including 10 to 18 inches of snow in much of southern Nebraska, Kansas and northern Missouri," said Commodity Weather Group meteorologist Joel Widenor.
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NEW YORK, Feb 19- One of SandRidge Energy Inc's largest shareholders, pushing to remove its chief executive, said on Tuesday that a company controlled by the CEO's children has amassed about 475,000 acres near SandRidge's operations.
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NEW YORK, Feb 19- One of SandRidge Energy Inc's largest shareholders, pushing to remove its chief executive, alleged on Tuesday that a company controlled by the CEO's children has amassed around 475,000 acres near SandRidge's operations.
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CHICAGO, Feb 19- Wheat and corn farmers are banking on more rain and snow in late February so they can keep nursing depleted soil back to healthier levels of moisture amid the worst drought in the United States grain belt in more than 50 years. He said the driest areas of the Plains, Iowa, Nebraska and Minnesota, would receive the lion's share of the precipitation.
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Farmland values in the U.S. Plains states jumped more than 20 percent in the fourth quarter from a year earlier.
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*U.S. wheat sales to Brazil, Japan support. Wheat also drew support from the sale of at least 100,000 tonnes of U.S. hard red winter wheat to Brazil and a sale of U.S. wheat to Japan, Linn said. Chicago Board of Trade March wheat gained 10-1/ 4 cents, or 1.4 percent, to $7.42- 1/ 4 a bushel.
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*KC Fed bank survey follows St. Louis and Chicago. CHICAGO, Feb 15- Farmland values in the U.S. The KC Fed district stretches across major wheat, corn and cattle states of Colorado, Kansas, Nebraska, Oklahoma and Wyoming along with parts of New Mexico and Missouri.
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*U.S. wheat sales to Brazil, Japan support. Wheat also took support from a sale of at least 100,000 tonnes of U.S. hard red winter wheat to Brazil and a sale of U.S. wheat to Japan, Linn said. Chicago Board of Trade March wheat gained 9-1/ 4 cents, or 1.3 percent, to $7.41- 1/ 4 a bushel by at 9:06 a.m. CST.
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*U.S. wheat sales to Brazil, Japan support. Wheat also drew support from the sale of at least 100,000 tonnes of U.S. hard red winter wheat to Brazil and a sale of U.S. wheat to Japan, Linn said. Chicago Board of Trade March wheat gained 5 cents, or 0.7 percent, to $7.37 a bushel at 11:36 a.m. CST.
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*Corn sheds gains in choppy trade. WINNIPEG, Manitoba, Feb 13- Corn prices fell for a ninth straight session on Wednesday as South American weather improved, but bargain buyers lifted wheat off a seven-month low and took soybeans from a one-month bottom.