Top News & Analysis Chicago

  • NEW YORK, Oct 19- The U.S. benchmark S&P 500 stock index edged lower on Friday as strong earnings from Procter& Gamble Co were balanced by ongoing concerns about rising interest rates and geopolitical tensions denting U.S. economic growth. "When companies like give good earnings and provide good guidance, that's a good thing for the market overall," said J.J. Kinahan,...

  • As of 12:40 p.m. CDT, Chicago Board of Trade November soybean futures were down 4-1/ 2 cents at $8.59 per bushel. Soybeans turned lower, retreating from early gains, after the U.S. Department of Agriculture said private exporters cancelled sales of 180,000 tonnes of U.S. soybeans to China, the world's biggest buyer. The USDA said exporters also cancelled another...

  • Oct 19- Chicago soybean futures slid on Friday with the marker on track for their second week of declines on pressure from disappointing U.S. weekly exports and improved harvest weather. The most-active soybean contract on the Chicago Board Of Trade has lost 0.6 percent this week, its biggest weekly slide since mid-September. "Exports are slowing down as China...

  • SYDNEY, Oct 19- U.S. soybeans edged higher on Friday, rebounding from losses of more than 2 percent in the previous session, though the oilseed was poised to record its biggest weekly loss in more than a month amid weak demand for U.S. stocks. *The U.S. dollar rose to one-week highs against the euro on Thursday after the European Commission said Italy's 2019 budget...

  • Oct 18- DowDuPont Inc said on Thursday it would write down the value of its agriculture business by $4.6 billion when it reports third-quarter results, as global seed makers face shifts in demand linked to the U.S.- China trade war. An escalating trade war between the United States and China is increasing uncertainty for players in the farm sector.

  • MACON, United States- Federal Reserve Bank of Atlanta President Raphael Bostic participates in armchair discussion on the economic outlook, in Macon, Ga.- 1600 GMT. NEW YORK CITY- Federal Reserve Bank of Dallas President Robert Kaplan speaks before Manhattan Institute event, "10 Years After the Crisis: the State of Monetary and Fiscal Policy," in New York- 1645 GMT.

  • HOUSTON, Oct 18- Oil prices fell on Thursday as investors' concerns returned to the impact an escalating trade row between China and the United States will have on oil demand growth and data showing ample supplies. Global benchmark Brent crude has fallen almost $8 per barrel since reaching a four-year high of $86.74 on Oct. 3, weakened by lower forecasts for global...

  • HOUSTON, Oct 18- Oil prices dipped on Thursday but pared losses as investors turned their attention to the impending loss of Iran's crude exports after the United States re-imposes sanctions in early November. In early trading, global benchmark Brent crude fell below $79 per barrel, or as much as 1.7 percent the day after a U.S. Energy Department report showed oil...

  • As of 12:48 p.m. CDT, Chicago Board of Trade November soybeans futures were down 20-1/ 2 cents at $8.65-1/ 4 per bushel. CBOT December corn was down 3-3/ 4 cents at $3.70-1/ 2 a bushel and December wheat was down 4-3/ 4 cents at $5.12-3/ 4 a bushel. This dismal sales number here today sets the tone, "said Rich Feltes, vice president for research with R.J. O'Brien.

  • NEW YORK, Oct 18- Stocks fell on Thursday while German and U.S. bond prices rose in a move toward safety assets, with traders citing the Sino-U.S. trade war, Italy's budget concerns and a widening gap between the United States and Saudi Arabia. European stocks tumbled and Wall Street slid after the European Commission said Italy's 2019 budget draft is in "...

  • *Traders expect China to purchase 18-20 mln T of soybeans in Q4. Oct 18- China's soybean imports are set to drop by a quarter in the last three months of 2018, their biggest fall in at least 12 years as buyers curb purchases amid the Sino-U.S. trade war and high domestic stockpiles. "Imports will average around 6 million tonnes per month in the fourth quarter," said a...

  • THURSDAY, OCTOBER 18 MEMPHIS, United States- Federal Reserve Bank of St. Louis President James Bullard gives presentation on the U.S. economy and monetary policy before the Economic Club of Memphis- 1315 GMT. LONDON- Latvian Finance Minister Dana Reizniece-Ozola, Lituanian Finance Minister Migle Tuskiene and Estonian Deputy Secretary-General for Financial...

  • CHICAGO, Oct 17- U.S. soybean futures firmed modestly on Wednesday in largely technical trade along with fund-driven buying and strength in allied soymeal futures, analysts said. Chicago Board of Trade November soybean futures settled up 1 cent at $8.85-3/ 4 per bushel but stayed below a two-month high set Monday at $8.92. CBOT December corn ended down 1 cent at...

  • CHICAGO, Oct 17- Chicago Mayor Rahm Emanuel unveiled the final budget of his tenure on Wednesday, but put off addressing a pension funding challenge that will hit during his eventual successor's term in office. Chicago's unfunded pension liability was $28 billion in 2017, down from $35.7 billion in the prior year. Carole Brown, Chicago's chief financial...

  • CHICAGO, Oct 17- U.S. soybean futures firmed modestly on Wednesday on fund-driven buying and strength in allied soymeal futures, analysts said. As of 12:29 p.m. CDT, Chicago Board of Trade November soybean futures were up 1-1/ 4 cents at $8.86 per bushel, hovering below a two-month high set Monday at $8.92. CBOT December corn was flat at $3.75-1/ 4 a bushel and...

  • WASHINGTON/ LONDON, Oct 17- U.S. banks and securities houses could be barred from trading on exchanges in the European Union if the bloc refuses to water down "irresponsible" proposals for regulating foreign clearing houses, a top U.S. regulator said on Wednesday. Christopher Giancarlo, chair of the U.S. Commodity Futures Trading Commission, gave his strongest...

  • PARIS/ SINGAPORE, Oct 17- Chicago soybeans and corn were little changed on Wednesday, consolidating below this week's two-month highs as the market sought a clearer picture of the U.S. harvest after heavy rain raised doubt about big projected yields. The most active soybean contract on the Chicago Board of Trade was down 0.2 percent at $8.83-1/ 4 a bushel by 1158...

  • Peter Roskam

    Rep. Peter Roskam, a chief architect of the sweeping tax cuts, argues they have jump-started economic growth and created jobs. But there's one thing they may not be able to do: save his own job. 

  • CHICAGO, Oct 16- United Airlines posted solid third-quarter profit on Tuesday and raised its 2018 outlook for the third time this year, helped by its strategy to add flights at three mid-continent U.S. hubs: Chicago, Denver and Houston. The growth, coupled with tighter cost control and higher ticket prices and fees, have helped the Chicago- based carrier counter a...

  • CHICAGO, Oct 16- U.S. soybean and corn futures fell about 1 percent on Tuesday on improving harvest weather in the Midwest crop belt and some profit-taking a day after both commodities neared two-month highs, traders said. As of 12:45 p.m. CDT, Chicago Board of Trade November soybeans were down 10-1/ 2 cents at $8.81 per bushel and December corn was down 3-3/ 4 cents...