The bond market has entered a financial twilight zone, and at this point, there doesn't seem to be a smooth way out.Market Insiderread more
President Donald Trump said on Twitter he was postponing a scheduled meeting with Denmark's prime minister because of her lack of interest in discussing a possible sale of...World Politicsread more
After Elon Musk touts Tesla solar on Twitter, Walmart sues the electric vehicle and clean energy company over store rooftop panels that ignited.Technologyread more
Trump said he has "been thinking about payroll taxes for a long time" — and he cautioned that "whether or not we do something now, it's not being done because of recession."Politicsread more
Secretary of State Mike Pompeo privately told business executives and free traders that the trade war could end by the 2020 election and that hurdles to an immediate agreement...2020 Electionsread more
Market bull Jeff Saut told CNBC on Tuesday that the lows are in and the market is headed "much higher."Marketsread more
Home Depot CFO Carol Tome says "consumer confidence is near record high levels" but "consumer demand could be impacted" by lingering U.S.-China trade tensions.Mad Money with Jim Cramerread more
The company's stock seesawed after the markets closed Tuesday, initially swinging up by 4% before falling by about 2%.Retailread more
VMware has become accepting of the corporate rush to the cloud. A new acquisition could help it make more revenue as companies adopt a modern approach called serverless...Technologyread more
President Donald Trump believes he has quite the bargaining chip with the European Union.Marketsread more
The United States does not have a defense against hypersonic weapons, which can travel at least five times the speed of sound, or a little more than a mile per second....Defenseread more
SAO PAULO, May 13 (Reuters) - Brazil soybean premiums for June rose to $0.92 per bushel on Monday, in reaction to a U.S.-China trade war that is expected to spur demand, according to the Center for Studies in Advanced Applied Economics (Cepea).
Amid a fall in the Chicago soybean contract and the weakening of the Brazilian currency against the U.S. dollar, port premiums at Paranaguá rose by almost 10 cents from Friday, reaching the highest level since Dec. 7, Cepea data showed.
That more than offset a daily fall of nearly 7 cents on the July soybean contract traded in Chicago, used as a benchmark for Brazil's soybean shipments.
The trade war has put pressure on the market in Chicago, where traders expected a U.S.-China deal that did not materialize. Instead, the two largest economies in the world have announced further tariffs in recent days.
With the U.S. imposing tariffs and China retaliating, the expectation is that China's demand for Brazilian soybeans will increase, Cepea said in a statement.
Last year, China hiked imports of soybeans from Brazil to avoid tariffs applied on those from the United States, and Brazil exported a record 84 million tonnes.
By November, local premiums reached more than $2 per bushel, with Brazil having almost no more soy left to export.
Currently, Brazilian producers still have large volumes to ship, since the harvest has recently ended.
Despite the high premium, local farmers are still reluctant to trade more soybeans, according to Cepea, with a government imposition of minimum prices for truck freight hampering business. (Reporting by Roberto Samora Writing by Ana Mano Editing by Rosalba O'Brien)