The president's state visit comes amid tensions with carmaker Toyota over potential auto tariffs. Trump has repeatedly threatened Japanese and European carmakers with tariffs.Traderead more
Microsoft shares have gained 133% since November 2015, outperforming a tech "basket of unicorns" over that stretch.Technologyread more
Buybacks have gotten a bad rap from both Republicans and Democrats. But stocks would be trading at a massive discount without them.Marketsread more
The IRS is about to release a new draft of Form W-4, which will more closely reflect the changes stemming from the Tax Cuts and Jobs Act. For workers, that means they'll need...Personal Financeread more
The Mega Millions jackpot has spilled over $400 million. It would be the ninth largest winning since the game began in 2002.Personal Financeread more
When commercial real estate investor Manny Khoshbin spent $2.2 million on the fastest production car in the world, he had no idea it would very quickly also become the...Autosread more
Trump was speaking at a meeting of Japanese business leaders in Tokyo during his state visit to Japan on Saturday.Marketsread more
The biggest U.S. gasoline price surge in years is running out of steam just in time for the start of the summer driving season.Energyread more
The federal minimum wage has remained $7.25 per hour since 2009. But several states, and even some companies, have since taken matters into their own hands to pay employees a...Workread more
Stocks rose on Friday, but notched weekly losses as investors worried the U.S.-China trade war is hurting economic growth.US Marketsread more
* Soybean prices extend losses into seventh session
* Corn, wheat also down around 2 pct (Adds comment, detail)
KUALA LUMPUR, May 6 (Reuters) - Chicago soybean futures on Monday dropped to their lowest in over seven months, extending declines into a seventh session amid expectations that a lack of U.S. corn planting due to delays in rain could fuel a shift to more soybean acreage.
The market's focus was also on the intensifying trade dispute between Washington and Beijing, with U.S. President Donald Trump announcing on Sunday that he would hike U.S. tariffs on $200 billion worth of Chinese goods this week.
The most active soybean futures on the Chicago Board of Trade were down 1.9 percent at $8.26-1/4 a bushel, their lowest since Sept. 19. and on track for a seventh straight session of losses.
The most active corn futures also dropped, declining 2.6 percent to an over one-week low of $3.61-1/4 a bushel.
Corn looked set to snap a rally that had earlier seen eight consecutive sessions of gains on the back of concerns over possible yield declines due to excessive rains and flooding this spring.
"The market's (view on) corn is that last week's news on flooding plains was overblown," said Phin Ziebell, an agribusiness economist at National Australia Bank.
He added that while Trump's comments on hiking U.S. tariffs on Chinese goods were a catalyst for declines in soy prices, "the supply fundamentals are pretty strong".
Soy shed nearly 3 percent last week amid higher U.S. production and slowing demand in top buyer China.
The U.S. Department of Agriculture (USDA) reported last week that a net 336,929 tonnes of U.S. soybeans were sold for export, below trade estimates for at least 400,000 tonnes. Sales of soymeal also fell short of expectations.
Meanwhile, the most active wheat futures also fell 1.7 percent on Monday to a three-session low of $4.30-1/2 a bushel.
More rain is expected around the U.S. Midwest this week, which is likely to keep many farmers sidelined instead of planting corn.
(Reporting by Emily Chow; Editing by Joseph Radford)