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Top News & Analysis North Dakota

  • SYDNEY, June 30- U.S. wheat rose for a fourth consecutive session on Friday to hit a one-year high as fears of production losses in a key producing of the United States pushed the grain towards its biggest monthly gain in two years. *The most active wheat futures on the Chicago Board Of Trade edged up after a near-five percent gain in the previous session to hit $4.99 a...

  • The surge in spring wheat futures on the Minneapolis Grain Exchange also lifted Chicago Board of Trade wheat to a one-year peak and buoyed corn and soybeans as well. CBOT July corn ended up 3 cents at $3.59-3/ 4 a bushel and July soybeans rose 1-1/ 2 cents to $9.15-1/ 2 a bushel. MGEX July spring wheat settled up 36-1/ 2 cents at $7.41-1/ 4 a bushel after reaching $7.59-3/ 4,...

  • *S&P 500, Dow post worst days since mid-May. June 29- Wall Street fell sharply on Thursday, with the S&P 500 and the Dow industrials suffering their worst daily percentage drops in about six weeks, as a recent decline in technology shares deepened and outweighed strength in bank shares. "U.S. equities have remained extended, at or close to record territory for an...

  • *Tech sector off 2.1 pct; Apple, Microsoft among biggest drags. June 29- Wall Street fell sharply on Thursday with the S&P 500 and Dow industrials on track for their worst daily drops in six weeks as investors continued a recent move out of technology shares. "U.S. equities have remained extended, at or close to record territory for an extended period of time really...

  • CHICAGO, June 29- Drought conditions in the northern U.S. Drought Monitor, produced by a consortium of climatologists, on Thursday showed that 25 percent of North Dakota was classified as being in "extreme drought," up from 7.7 percent a week earlier. "The top has been taken off," said North Dakota State University extension agronomist Joel Ransom, referring to the...

  • The surge in spring wheat futures on the Minneapolis Grain Exchange also lifted Chicago Board of Trade wheat to a one-year high and buoyed corn and soybeans as well. As of 12:08 p.m. CDT, CBOT July wheat was up 25-1/ 2 cents at $4.82-3/ 4 per bushel after reaching $4.83-1/ 2, the highest spot price in a year. CBOT July corn was up 4-1/ 4 cents at $3.61 a bushel and July...

  • June 27- Wells Fargo& Co said on Tuesday it agreed to sell its commercial insurance business to private insurer USI Insurance Services, as the third-largest U.S. bank plans to focus on core banking products and services. Wells Fargo has doubled its cost-cutting target after expenses soared in the aftermath of the scandal. Wells Fargo plans to reduce expenses by...

  • GUERNSEY, WYOMING, June 26- A gallon of gasoline that allows a driver on the U.S. East Coast to travel about 25 miles has already navigated thousands of miles from an oil field to one of the world's largest fuel markets. Or the journey to an East Coast gas pump might start instead in North Dakota's Bakken shale fields- which means it could take up to three months,...

  • GUERNSEY, WYOMING, June 26- A gallon of gasoline that allows a driver on the U.S. East Coast to travel about 25 miles has already navigated thousands of miles from an oil field to one of the world's largest fuel markets. Or the journey to an East Coast gas pump might start instead in North Dakota's Bakken shale fields- which means it could take up to three months,...

  • GUERNSEY, WYOMING, June 26- A gallon of gasoline that allows a driver on the U.S. East Coast to travel about 25 miles has already navigated thousands of miles from an oil field to one of the world's largest fuel markets. Or the journey to an East Coast gas pump might start instead in North Dakota's Bakken shale fields- which means it could take up to three months,...

  • WASHINGTON/ NEW YORK, June 22- The 34 largest U.S. banks have all cleared the first stage of an annual stress test, showing they would be able to maintain enough capital in an extreme recession to meet regulatory requirements, the Federal Reserve said on Thursday. Wall Street analysts and trade groups quickly cheered the results on Thursday, saying regulators...

  • WASHINGTON, June 22- U.S. financial regulators and lawmakers who appeared at a congressional hearing on Thursday generally agreed that the Volcker rule, which restricts banks' ability to make bets with their own money, needs to be reconsidered. Wall Street banks have fought Volcker vigorously, saying it is overly complicated and hurts market liquidity.

  • HOUSTON, June 21- Crude oil's bear market is highlighting the haves and have nots among U.S. shale producers, with the stronger promising to keep pumping even as prospects dim for some of their financially strapped peers. Crude prices have dropped more than 20 percent since late February, in part because of rising U.S. shale production that is offsetting OPEC's...

  • HOUSTON, June 21- Crude oil's bear market is highlighting the haves and have nots among U.S. shale producers, with the stronger promising to keep pumping even as prospects dim for some of their financially strapped peers. Crude prices have dropped more than 20 percent since late February, in part because of rising U.S. shale production that is offsetting OPEC's...

  • Last week, U.S. District Court Judge James Boasberg in Washington ruled in favor of Standing Rock Sioux and Cheyenne River Sioux tribes, who said more environmental analysis of the Dakota Access line should have been carried out. Energy Transfer Partners LP built the $3.8 billion pipeline to move crude from the Northern Plains to the Midwest and then on to the...

  • Syngenta Group Co. NK Soybeans are harvested with a Case IH combine harvester near Princeton, Illinois

    Farmers in the US and Brazil are in a race to meet demand for livestock feed as meat consumption in China soars, Financial Times reports.

  • NEW YORK, June 21- Mylan N.V. is best known for producing EpiPen emergency allergy treatments and generic drugs. These refined coal credits were approved by Congress in 2004 in order to incentivize companies to fund production of cleaner coal. Mylan is one of only a few public companies, and the only publicly-traded pharmaceutical maker, that uses these tax...

  • TORONTO/ NEW YORK, June 19- U.S. activist investor Jonathan Litt on Monday called for Canada's Hudson's Bay Co to consider going private and to monetize its vast real estate holdings, sending shares in the owner of Saks Fifth Avenue up 15 percent. The company, also known as HBC, said it would review the letter from Litt, whose activist real estate hedge fund Land&...

  • TORONTO/ NEW YORK, June 19- U.S. activist investor Jonathan Litt on Monday called for Canada's Hudson's Bay Co to consider going private and to monetize its vast real estate holdings, sending shares in the owner of Saks Fifth Avenue up 13 percent. HBC stock had lost about a third of its value this year amid declining sales at its retail stores, which include Saks, Lord&...

  • Democratic Senator Elizabeth Warren on Monday urged the Federal Reserve to fire 12 directors who served on Wells Fargo& Co's board during the time thousands of bank employees opened phony accounts in customers' names without permission. Warren is the ranking Democrat on the Senate Banking Committee. Wells Fargo's reputation was damaged last year after...