Removing Neumann is a difficult decision for Son, who has long believed in WeWork and Neumann's vision to quickly expand the company.Technologyread more
The Kingdom and oil and gas industry have been slow to shore up defenses, raising red flags about the possibility of longer term fall-out in the region.Technologyread more
Datadog went public on Thursday and instantly hit a $10 billion valuation, becoming the fourth cloud software debut to reach that level this year.Technologyread more
There are challenges with Iran, North Korea, the Afghan Taliban, Israel and the Palestinians — not to mention a number of trade pacts.Politicsread more
Blackstone Executive Vice Chairman Tony James says he's less optimistic now than before that the U.S.-China trade war could be resolved, but even a smaller deal could help...World Economyread more
In his new memoir, "The Ride of a Lifetime," Iger explains why he decided against the deal to buy Twitter.Technologyread more
In perhaps Buffett's first televised profile, he explained a method of investing that prioritizes bargains and makes use of an occasional baseball analogy.Marketsread more
The massive market transformation this month that some on Wall Street called a "once in a decade opportunity" might have just been a one-off technical move because of taxes.Marketsread more
A 58% majority of registered voters express unease about voting for Trump, but slightly more say the same about Joe Biden and Bernie Sanders, while Elizabeth Warren fares only...Politicsread more
A temporary airspace closure forced flights coming into Dubai from Australia, Singapore and India to be diverted to nearby airports.Airlinesread more
Schiff had previously shied away from calling for impeachment, but his comments on CNN's "State of the Union" indicate his stance has shifted.Politicsread more
* Market awaiting details of USDA trade war farm aid package
* Corn underpinned by planting delays, but market overbought
* Wheat retreats on technical selling, profit-taking (Rewrites throughout with U.S. market open, adds quote, updates prices, changes byline, dateline, previous PARIS/SINGAPORE)
CHICAGO, May 22 (Reuters) - U.S. soybean futures rebounded on Wednesday in a technical correction from the prior session's drop as the market awaited details of a Trump administration farm aid package that could encourage farmers to plant more soybeans.
Corn was mixed as spillover support from higher soybeans and worries over rain-delayed U.S. planting were largely offset by technical selling and profit-taking following seven straight sessions of gains that took prices to one-year highs.
Wheat retreated on technical selling and profit-taking after touching a three-month high on Tuesday.
Bloomberg reported on Tuesday that the White House was considering direct payments of $2 per bushel for soybeans and just 4 cents a bushel for corn to offset farmers' losses caused by the U.S.-China trade war.
The report, which was seen encouraging more soy acres at the expense of corn, knocked soy prices down 1% before the U.S. Department of Agriculture (USDA) released a statement suggesting it was inaccurate.
"Soybeans are gaining back some of what they gave up yesterday. We bounced off technical support, which was very good," said Karl Setzer, market analyst with Agrivisor.
U.S. soybean export prospects were also seen improving due to rising soybean prices in South America and better soy crush margins in China that indicate soybean demand from the world's top importer could rise, he said.
While China was not expected to buy U.S. soybeans due to steep tariffs, Chinese buying of South American soy could steer other world buyers to the United States.
The USDA on Wednesday confirmed private sales of 131,000 tonnes of U.S. soybeans to undisclosed buyers.
Chicago Board of Trade (CBOT) July soybean futures were 8-1/4 cents higher at $8.30-1/4 per bushel at 12:25 p.m. CDT (1725 GMT) after bouncing off of the prior day's low of $8.19.
July corn was down 1/2 cent at $3.93-3/4 a bushel while CBOT July wheat was down 3-1/2 cents at $4.75-1/4 a bushel.
The prospect of heavy rain expected this week in parts of the Midwest and Plains has rattled grain markets as it could compound corn planting delays after a soggy spring while also threatening to damage winter wheat in the run-up to harvesting.
The U.S. Department of Agriculture said on Monday that a lower-than-expected 49% of the U.S. corn crop has been planted, the slowest pace on record, based on data going back to 1980. Soybeans were 19% planted, also short of market expectations. (Additional reporting by Gus Trompiz in Paris and Naveen Thukral in Singapore; editing by Louise Heavens and James Dalgleish)