Qualcomm suppressed competition in the market for cellphone chips and used its position to impose excessive licensing fees, a U.S. judged ruled.Technologyread more
Morgan Stanley caused a stir with its "bear case" scenario of $10. Now, Citi is getting in on the act.Investingread more
China is considering cutting natural gas purchases from the U.S. in its tit-for-tat on trade, according to the South China Morning Post.Marketsread more
Treasury Secretary Steven Mnuchin is scheduled to testify before the House Financial Services Committee on Wednesday about the international financial system.Politicsread more
Target's e-commerce sales also surged 42%, as shoppers increasingly turned to its curbside pickup service for online orders, something Amazon can't offer.Retailread more
Stock markets are slowly healing from the worst of the month's trade war sell-off, and one under-the-surface indicator suggests the S&P 500 might completely recover before...Trading Nationread more
Treasury Secretary Steven Mnuchin said nothing is scheduled yet for the U.S. to go to Beijing for the next round of trade talks.Marketsread more
Homeowners are taking advantage of lower interest rates, rushing to refinance their mortgages before rates potentially turn higher again.Real Estateread more
The U.S. Justice Department's Antitrust Division staff has recommended the agency sue to block T-Mobile US's $26 billion acquisition of smaller rival Sprint, according to two...Technologyread more
Lowe's shares plummeted 8% before the bell Wednesday after the company posted mixed fiscal first-quarter results and cut its forecast for the year, as higher costs weighed on...Retailread more
It may be years from visiting your neighborhood, but a walking robot is part of Ford's vision for how its autonomous vehicles will deliver packages.Autosread more
* Slowing soybean demand in China, plentiful supplies weigh
* Corn consolidating after rising this week on planting woes
* Wheat turns down after two days of strong gains (Adds closing prices, weekly trends)
CHICAGO, May 3 (Reuters) - U.S. soybean futures eased on Friday for a sixth consecutive session, posting a fourth straight weekly drop as rain-delayed U.S. corn planting may fuel a shift to more soybean acres despite sluggish export demand from top importer China.
Corn edged upward for a seventh straight day and notched its first weekly gain in four weeks, lifted by concerns about late planting and possible yield declines due to excessive rains and flooding this spring.
Wheat eased after two sessions of strong gains as traders pocketed profits from a run to two-week highs.
Much of the market's focus remained on Midwestern weather, with corn planting already behind the normal pace. Traders are also keen to hear any developments from U.S.-China trade talks, which are due to shift from Beijing to Washington next week.
"It's just kind of a choppy day. The beans were incredibly oversold, making new contract lows yesterday. We had the (export) sale to Mexico so they were supported early in the day, but they've backed off now," said Mark Gold, managing partner at Top Third Ag Marketing.
"The talk is that we will lose corn acres into beans because of wet planting," he said.
Chicago Board of Trade (CBOT) July soybeans ended down a penny at $8.42-1/4 a bushel after notching a contract low of $8.40-1/2. The contract was down 2.9 percent in the week.
July corn settled 1/4 cent higher at $3.70-3/4 a bushel, ending the week up 2.6 percent.
CBOT July wheat fell 6 cents to $4.38 a bushel, closing out the week down 1 percent, a fourth straight weekly drop.
The U.S. Department of Agriculture (USDA) reported 293,922 tonnes in new-crop U.S. soybean sales to Mexico on Friday.
Sales to top importer China remain quiet.
U.S. Vice President Mike Pence said on Friday that President Donald Trump would "stand firm" on his demands for structural changes to China's trade practices, and removal of U.S. tariffs on Chinese goods would be a part of a mechanism to enforce any deal with Beijing. But he added that Trump "remains very hopeful" about reaching a deal in talks next week.
More rain expected around the Midwest next week is likely to keep many farmers sidelined instead of planting corn.
The USDA is due to update its planting progress estimate on Monday, with corn planting sure to remain well behind the normal early-May pace. (Additional reporting by Naveen Thukral in Singapore and Sybille de La Hamaide in Paris; editing by Susan Fenton, Chris Reese and Jonathan Oatis)