Top News & Analysis Chicago

  • VALLEY, Neb., March 20- A string of small Missouri towns prepared for the next deluge along the raging Missouri River on Wednesday after flooding wreaked nearly $1.5 billion in damage in Nebraska, killing at least four people and leaving another man missing. High water unleashed by last week's late-winter storm and melting snow has already inundated a large...

  • VALLEY, Neb., March 20- A string of small Missouri towns on Wednesday prepared for the next deluge along the snow-melt-swollen Missouri River after flooding wreaked nearly $1.5 billion in damage in Nebraska, killing at least four people and leaving another man missing. High water unleashed by last week's late-winter storm and swiftly melting snow this week has...

  • VALLEY, Neb., March 20- Small Missouri towns on Wednesday prepared for the next wave of flooding along the snow-melt-swollen Missouri River after high waters wreaked nearly $1.5 billion in damage in Nebraska, and officials warned the deadly disaster was far from over. Flood waters spawned by last week's late-winter storm and warmer weather that swiftly melted...

  • ADDIS ABABA/ JAKARTA/ WASHINGTON, March 20- Boeing Co faced growing pressure in Washington on Wednesday with U.S. lawmakers calling for executives to testify about two crashed 737 MAX jets even as the world's biggest planemaker works to overcome obstacles to returning the grounded fleet to the skies. The Senate hearing, at an unspecified date, would be the first...

  • VALLEY, Neb., March 20- Small Missouri towns on Wednesday prepared for the next wave of flooding along the snow melt-swollen Missouri River after high waters wreaked an estimated $1 billion in damage in Nebraska, and officials warned the deadly disaster was far from over. Floodwaters spawned by last week's late-winter storm and warmer weather that swiftly...

  • *Europe, Canada seek own certification for 737 MAX jets. ADDIS ABABA/ JAKARTA/ WASHINGTON, March 20- The world's biggest planemaker Boeing faced growing obstacles on Wednesday to returning its grounded 737 MAX fleet to the skies, while details emerged of an Indonesian crash with potential similarities to the Ethiopian disaster. The March 10 Ethiopian Airlines...

  • PERGAMINO, Argentina/ CHICAGO, March 20- Francisco Santillan, 55, a grains farmer from the heart of Argentina's soybean country, has two things on his mind: the rains and twists and turns in a bitter trade war between the United States and China that has hurt prices. The United States and China, the world's top soybean producer and importer respectively, have slapped...

  • WINSLOW, Neb./ CHICAGO, March 20- Midwestern farmers have been gambling they could ride out the U.S.- China trade war by storing their corn and soybeans anywhere they could- in bins, plastic tubes, in barns or even outside. Record floods have devastated a wide swath of the Farm Belt across Iowa, Nebraska, South Dakota and several other states. Early estimates of lost...

  • *Palladium hits peak of $1,608/ oz. Spot palladium rose 0.6 percent to $1,605.51 per ounce as of 2:25 p.m. EDT, having earlier touched a record high of $1,608. "Europe came up with stringent environmental demand and environmental initiatives while we have supply issues from South Africa and Russia," said Eli Tesfaye, senior market strategist for brokerage RJO...

  • CHICAGO, March 20- U.S. wheat futures rose more than 1 percent on Wednesday on poor weather in the Midwest soft winter wheat belt and the northern Plains spring wheat region, traders said. As of 1:10 p.m. CDT, Chicago Board of Trade May soft red winter wheat rose 7 cents to $4.63-1/ 2 a bushel while Minneapolis Grain Exchange May spring wheat was up 7 cents at $5.72-1/ 4...

  • Floodwaters resulting from a late-winter storm last week and warming spring weather that melted snow quickly this week inundated a large swath of Midwestern farm states Missouri, Nebraska and Iowa along the Missouri, North America's longest river. Missouri officials stacked sandbags along major waterways and closed highways near the rising Missouri...

  • *Palladium hits peak of $1,608/ oz. Spot palladium dropped 0.3 percent to $1,591.41 per ounce as of 12:22 p.m. EDT, having earlier touched a record high of $1,608. "Europe came up with stringent environmental demand and environmental initiatives while we have supply issues from South Africa and Russia," said Eli Tesfaye, senior market strategist for brokerage...

  • *Mixed signals on U.S.- China trade progress jangle nerves. NEW YORK, March 20- U.S. crude prices rose to a four-month high above $60 a barrel after government data showed tightening oil supplies in the United States, but gains were capped by concerns over global economic growth due to the ongoing U.S.- China trade dispute. West Texas Intermediate crude futures...

  • Floodwaters resulting from a late-winter storm last week and warming spring weather that melted snow quickly this week inundated a large swath of Midwestern farm states Missouri, Nebraska and Iowa along the Missouri, North America's longest river. The National Oceanic and Atmospheric Administration also predicted major flooding for parts of Kansas,...

  • *Mixed signals on U.S.- China trade progress jangle nerves. NEW YORK, March 20- U.S. crude prices rose to a four-month high after U.S. government data showed tightening oil and product supplies, but gains were capped by concerns over global economic growth amid the ongoing U.S.- China trade dispute. West Texas Intermediate crude futures contract, which expires...

  • *Palladium hits peak of $1,608/ oz. Spot palladium was up 0.4 percent at $1,602.76 per ounce as of 10:24 a.m. EDT, having earlier touched a record high of $1,608. "Europe came up with stringent environmental demand and environmental initiatives while we have supply issues from South Africa and Russia," said Eli Tesfaye, senior market strategist for brokerage RJO...

  • *Europe, Canada seek own certification for 737 MAX jets. The March 10 Ethiopian Airlines crash has shaken the global aviation industry and cast a shadow over the flagship Boeing model intended to be a standard for decades to come, given parallels with the Lion Air calamity off Jakarta in October. Chicago- headquartered Boeing has promised a swift update of...

  • PARIS/ SINGAPORE, March 20- Chicago grain and soybean futures were flat to slightly lower on Wednesday as traders assessed the risks to U.S. spring planting from flooding and awaited more clues about trade talks between Washington and Beijing. "There is plenty of soybean supply around the world and we have yet to see China resume buying," said one Singapore- based...

  • *Market awaits news on U.S.- China trade negotiations. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin plan to travel to China next week for another round of trade talks with Chinese Vice Premier Liu He, a Trump administration official said on Tuesday. "There is plenty of soybean supply around the world and we have yet to see China...

  • BROWNVILLE, Neb., March 19- Vice President Mike Pence in Nebraska on Tuesday took stock of the devastation unleashed across the U.S. The floodwaters have inundated a large swath of farm states Iowa and Nebraska along the Missouri River, North America's longest river, prompting half of Iowa's 99 counties to declare states of emergency. Nebraska, Iowa and Wisconsin...