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Top News & Analysis Illinois

  • *Wheat faces pressure on USDA's winter crop ratings. SINGAPORE, May 23- Chicago corn futures ticked lower on Tuesday as the market took a breather after climbing to a three-week high in the last session on concerns over wet weather delaying U.S. planting. "The USDA's survey of winter wheat crop conditions recorded no deterioration despite poor weather in these...

  • SYDNEY, May 23- U.S. corn extended gains into a third consecutive session on Wednesday after the U.S. Department of Agriculture pegged the pace of planting behind market expectations, pushing prices towards a three-week high. *The most active corn futures on the Chicago Board Of Trade rose 0.1 percent to $3.75-1/ 2 a bushel, having gained 0.7 percent in the previous...

  • *U.S. may challenge top beef exporter Brazil in China. CHICAGO, May 19- Talks on restarting U.S. beef exports to China are moving fast and final details should be in place by early June, the U.S. Department of Agriculture said on Friday, allowing American farmers to vie for business that has been lost by rival Brazil. As part of a trade deal, U.S. ranchers are set to face...

  • BISMARCK, N.D.— The Dakota Access pipeline and a feeder line leaked more than 100 gallons of oil in North Dakota in separate incidents in March as crews prepared the disputed $3.8 billion pipeline for operation. Two barrels, or 84 gallons, spilled due to a leaky flange at a pipeline terminal in Watford City on March 3, according to the state's Health Department.

  • *Defense stocks gain on U.S.- Saudi Arabia arms deal. May 22- Wall Street extended gains in early afternoon trading on Monday, boosted by technology shares and as defense companies rose after the United States and Saudi Arabia signed a multi-billion dollar arms deal. President Donald Trump visited Saudi Arabia over the weekend and sealed $110 billion in deals...

  • CHICAGO, May 22- Chicago Board of Trade corn and soybean futures rose on Monday morning, supported by concerns that rain will delay field work in key growing areas and may damage some recently seeded crops, traders said. At 10:42 a.m. CDT, CBOT July corn futures were up 4-1/ 2 cents at $3.77. Soybean futures for July delivery were 5-1/ 2 cents higher at $9.58-1/ 2 a bushel.

  • WASHINGTON, May 22- The U.S. Supreme Court on Monday declined to hear a challenge by several major corporations to a Michigan law that retroactively changed the way businesses are taxed in the state, leading to $1 billion extra for government coffers. Before 2008, companies with activities in Michigan and outside the state could limit their tax liability by...

  • CHICAGO— Grain futures were higher Monday in early trading on the Chicago Board of Trade. Wheat for July delivery was 2.60 cents higher at $4.38 a bushel; July corn was up 2.40 cents at $3.75 a bushel; July oats was up 1 cent at $2.4260 a bushel while July soybeans gained 3.20 cents to $9.5620 a bushel. June live cattle was. 15 cent higher at $1.2360 a pound; May feeder...

  • PARIS/ SINGAPORE, May 22- Chicago corn and wheat extended gains on Monday to notch up two-week highs, while soybeans also stayed firm as wet, cool weather in U.S. grain belts raised risks for spring crop planting and winter wheat harvesting. The Chicago Board Of Trade most-active corn contract was up 0.3 percent at $3.73-3/ 4 a bushel by 1156 GMT, after climbing to its...

  • After spending their first eight months on the ranches of Gildardo Lopez Hinojosa, the calves are about to cross the border— bound for Texas and U.S. feed lots beyond. On one of the three bridges connecting Reynosa with Texas, they might cross paths with the beef and chicken shipments that Lopez imports from the U.S. for his local chains of butcher shops and fried...

  • *Corn rises to highest since May 10, soybeans extend gains. SINGAPORE, May 22- Chicago corn futures rose for a second straight session on Monday, climbing to their highest since May 10, while soybeans gained more ground with cold and wet weather expected to delay planting in parts of the U.S. The Chicago Board Of Trade most-active corn contract was up 0.3 percent at...

  • SYDNEY, May 22- U.S. wheat rose nearly 1 percent on Monday as forecasts for heavy rains across a key U.S. growing region pushed the grain to a two-week high. *The most active wheat futures on the Chicago Board Of Trade rose 0.9 percent to $4.39 a bushel by 0105 GM, near the session high of $4.39-1/ 4 a bushel- the highest since May 8. *Oil prices rose on Monday, supported by...

  • CHICAGO/ SAN FRANCISCO, May 19- Wells Fargo& Co is paying a price in the U.S. municipal bond market for the bogus customer accounts scandal that hit the bank last year and led to bans by some cities and states, an analysis of Thomson Reuters data shows. California, along with Massachusetts, Chicago, and Ohio, suspended Wells Fargo last fall from pricing their negotiated...

  • NEW YORK, May 19- The U.S. dollar fell on Friday and was set to close its worst week in more than a year, with losses steepening after reports an investigation into possible collusion between Russia and Donald Trump's presidential campaign now include a person close to the President. A senior White House adviser is a significant person of interest in the...

  • The size of the deal eclipsed the total of privately negotiated U.S. wheat shipments to Egypt for all of the 2016/ 17 crop year. Egypt bought 115,000 tonnes of U.S. wheat for the 2017/ 18 crop year at prices ranging from $207.25 to $207.90 a tonne, including freight, in the most recent deal. Total wheat shipments to Egypt are expected to grow to 12 million tonnes in the...

  • *Washington Post: WH official of interest in Russia probe. A senior White House adviser is a significant person of interest in the law enforcement investigation of possible Russian ties, the Washington Post reported on Friday, citing people familiar with the matter. Separately the New York Times reported that Trump told Russian officials at the White House...

  • CHICAGO/ SAN FRANCISCO, May 19- Wells Fargo& Co is paying a price in the U.S. municipal bond market for the bogus customer accounts scandal that hit the bank last year and led to bans by some cities and states, an analysis of Thomson Reuters data shows. California, along with Massachusetts, Chicago, and Ohio, suspended Wells Fargo last fall from pricing their negotiated...

  • CHICAGO, May 19- U.S. states collected less personal income tax revenue in April than they did a year earlier, a Reuters analysis shows, and analysts said they believed high earners were shifting income to next year, hoping for tax cuts from the federal government. Removing outliers Louisiana and Oregon, which had big gains due to technical factors, magnified the...

  • NEW YORK/ LONDON, May 19- Gold rose on Friday and was on track for its best week in five as the dollar softened on political turbulence in the United States, boosting bullion's safe-haven appeal. President Donald Trump last week fired Federal Bureau of Investigation Director James Comey. This triggered a political firestorm that culminated on Wednesday in the...

  • NEW YORK/ LONDON, May 19- Gold rose on Friday and was on track for its best week in five as the dollar softened on political turbulence in the United States, boosting bullion's safe-haven appeal. President Donald Trump last week fired Federal Bureau of Investigation Director James Comey. This triggered a political firestorm that culminated on Wednesday in the...