As part of the plan, Amazon has agreed to purchase 100,000 electric delivery vans from vehicle manufacturer Rivian.Technologyread more
The plan will allow Medicare to negotiate lower prices on as many as 250 drugs and apply those discounts to private health plans.Health and Scienceread more
Hedge fund titan Leon Cooperman said he's concerned about a shift to the left in the political landscape, which could harm the economy and the stock market.Delivering Alpharead more
Microsoft has new services that can provide gaming revenue on top of console sales.Technologyread more
Nelson Peltz and David Taylor, once adversaries over the direction of Procter & Gamble, met Thursday as allies taking a victory lap for the company's stunning turnaround.Delivering Alpharead more
More than half of the patients have been younger than 25 and 16% are younger than 18, CDC principal deputy director Anne Schuchat said.Health and Scienceread more
Billionaire investor Leon Cooperman on Thursday said he believes that the Federal Reserve is "screwing the savers."Delivering Alpharead more
President Donald Trump on Thursday filed a lawsuit against Manhattan District Attorney Cyrus Vance Jr. and his longtime accounting firm Mazars.Politicsread more
Trian Partners co-founder and CEO Nelson Peltz explained to CNBC on Thursday the backstory to his firm's position in struggling General Electric.Delivering Alpharead more
Here's a look inside Apple's flagship Fifth Avenue Store, known as the "cube," in New York City. It reopens on Friday and has been closed since 2017 for renovations.Technologyread more
(Recasts; updates prices, adds quotes, changes byline, previous dateline PARIS/SINGAPORE) CHICAGO, Sept 12 (Reuters) - U.S. soybean futures jumped to a one-month high on Thursday on news of fresh export sales to China and signs of a thaw in the U.S. trade row with the world's biggest buyer of the oilseed. Corn and wheat futures also rose, following soybeans. Meanwhile, the U.S. Department of Agriculture (USDA) lowered its estimates of the U.S. 2019 corn and soybean crops, but not as much as some analysts had expected. As of 1:02 p.m. CDT (1802 GMT), Chicago Board of Trade November soybeans were up 26 cents at $8.92-1/2 per bushel after reaching $8.93, the contract's highest since Aug. 14. CBOT December corn was up 6 cents at $3.66 a bushel and December wheat was up 7-1/4 cents at $4.84-3/4 a bushel. Chinese importers bought at least 10 cargoes of U.S. soybeans on Thursday, or about 600,000 tonnes, for shipment from Pacific Northwest export terminals from October to December, two traders with direct knowledge of the deals said. The deals, China's first U.S. soybean purchases in a month and the largest since at least June, come ahead of U.S.-China trade talks set for early October in Washington. Lower-level U.S. and Chinese officials are expected to meet within days.
"Soybeans are higher because of the China news," said Brian Hoops, president of Midwest Market Solutions. Beijing earlier on Thursday said Chinese companies have started to inquire about prices for U.S. agricultural goods purchases, and Chicago Mercantile Exchange lean hog futures surged their daily limit. The U.S.-China trade developments overshadowed the USDA's monthly crop production report for September. In it, the USDA lowered its U.S. 2019/20 corn yield estimate to 168.2 bushels per acre (bpa), down from 169.5 in August but above the average estimate in a Reuters analyst poll of 167.2 bpa. Similarly, the USDA trimmed its U.S. soybean yield estimate to 47.9 bpa, down from 48.5 in August but above the average Reuters poll estimate of 47.2 bpa. The USDA cut its U.S. corn production estimate to 13.799 billion bushels and pared its soybean production estimate to 3.633 billion bushels. "There's uncertainty with the acres and uncertainty with the yield yet. The October (USDA) report will probably be more important than the September report. Bottom line, there's no respect for this September report because the crop's just too immature," said Don Roose, president of Iowa-based U.S. Commodities. Favorable U.S. weather forecasts hung over the market, with warmer-than-normal temperatures across much of the Midwest expected to boost supply by accelerating the maturity of late-planted crops and cutting the risk of frost damage.
CBOT prices as of 1:06 p.m. CDT (1806 GMT):
Net Pct Volume
Last change change
CBOT wheat WZ9 484.75 7.25 1.5 52699CBOT corn CZ9 366.00 6.00 1.7 253504CBOT soybeans SX9 893.75 27.25 3.1 186634CBOT soymeal SMZ9 300.90 6.20 2.1 62284CBOT soyoil BOZ9 29.20 0.37 1.3 90426
NOTE: CBOT December wheat and corn and November soybeans shown in cents per bushel, December soymeal in dollars per short ton and December soyoil in cents per lb.
(Additional reporting by Gus Trompiz in Paris and Naveen Thukral in Singapore; Editing by Subhranshu Sahu and David Evans)