Top News & Analysis Chicago

  • CHICAGO, June 20- U.S. grain and soybean futures jumped on Thursday as expectations for more in rain the U.S. The weather problems heap more worries on a farm sector that has suffered from years of low crop prices and a U.S.- China trade war that is slowing agricultural exports. "We have a market that's buying the breaks based on the concerns that are created by...

  • BERLIN/ CHICAGO, June 20- Kroger Co has room to improve on sales and is looking to its Deluxe Unicorn Swirl ice cream and other store-brand products to boost growth, Chief Executive Rodney McMullen said on Thursday. But Kroger Co believes trendy house-brand items like Unicorn Swirl will help it win market share from Walmart Inc, Aldi and Amazon.com Inc.

  • CHICAGO, June 20- U.S. grain and soybean futures jumped on Thursday on concerns over persistent rains threatening crop yields, after wet weather already prevented American farmers from planting millions of acres of corn this spring. The weather problems heap more worries on a farm sector that has suffered from years of low crop prices and a U.S.- China trade war...

  • The No. 2 U.S. carrier said it intends to increase its stake in Hanjin Kal Corp, which owns about 30% of Korean Air, to 10% over time, after receiving regulatory approval. Delta has said it sees Seoul's Incheon International Airport, the hub of Korean Air, as a gateway for more destinations across Asia. This year Delta launched new routes to Seoul and Osaka in...

  • The No. 2 U.S. airline said it intends to increase its stake in Hanjin Kal Corp, which owns about 30 percent of Korean Air, to 10% over time, after receiving regulatory approval. Delta Chief Executive Officer Ed Bastian recently said he viewed the Korean Air and its Incheon International Airport hub in Seoul as a gateway to adding more destinations across Asia.

  • PARIS/ SINGAPORE, June 20- Chicago corn eased for a third straight session on Thursday, moving further away from a five-year high struck at the start of the week, as investors awaited a clearer picture on the impact of a rain-disrupted U.S. spring planting campaign. Wheat was down too, with investors similarly booking some profit after the recent weather rally and...

  • BERLIN/ CHICAGO, June 20- Multicolored, sparkly ice cream is an unlikely battleground in U.S. grocery stores. But Kroger Co believes products like Kroger Best Unicorn Swirl ice cream will help it win market share from Walmart Inc, Aldi and Amazon.com Inc.. "We don't see this slowing down at all," Kroger Chief Executive Rodney McMullen told Reuters in an interview in...

  • BEIJING/ HANGZHOU, China, June 20- In China, the sales maxim of' know your customer' is being taken to new lengths. One of the first firms to join an Alibaba Group Holding Ltd programme that provides years of consumer shopping history, snack food chain Bestore Co Ltd plans to link facial recognition technology with the e-commerce giant's account data by the year's end.

  • SINGAPORE, June 20- Chicago corn futures slid to a one-week low on Thursday, falling for a third consecutive session, as prices were pressured by fund selling although planting delays provided a floor under the market. The most-active corn contract on the Chicago Board Of Trade gave up 0.3% at $4.39-1/ 2 a bushel by 0229 GMT, having dropped earlier in the session to...

  • CHICAGO, June 19- Chicago Mercantile Exchange lean hog futures closed higher on Wednesday in light bargain-buying after last week's slide to three-month lows, but soft cash markets and ample hog supplies hung over the market and limited rallies, traders said. CME Group July lean hog futures settled up 0.150 cent at 81.625 cents per pound and most-active August...

  • Chicago Board of Trade July corn settled down 8-3/ 4 cents at $4.41 per bushel. July soybeans ended down 10-1/ 4 cents at $9.03-1/ 4 a bushel and July wheat finished down 9-1/ 4 cents at $5.22-1/ 4 a bushel. The bull market needs to be fed every day, "said Tom Fritz, a partner with EFG Group in Chicago.

  • *OPEC, non- OPEC meetings over output deal set for July 1-2. NEW YORK, June 19- Oil futures were mostly steady on Wednesday as price support from a larger-than-expected decline in U.S. crude inventories was countered by a lull in equities. Brent crude futures settled at $61.82 a barrel, shedding 32 cents, or 0.5%.

  • *OPEC, non- OPEC meetings over output deal set for July 1-2. Brent crude futures shed 27 cents to $61.87 a barrel by 1:57 p.m. EDT. "Definitely what we saw here is more of a normal report for this type of year," said Phil Flynn, analyst at Price Futures Group in Chicago.

  • NEW YORK, June 19- U.S. oil stockpiles fell across the board last week, with crude inventories dropping more than expected and refined products posting surprise drawdowns due to a rise in refining and crude exports, and drop in crude production, the Energy Information Administration said on Wednesday. Crude inventories fell 3.1 million barrels in the week to...

  • The global MAX grounding, which followed two deadly crashes in Indonesia and Ethiopia, has meant that airlines have fewer seats to sell, even though costs remain. Southwest last week joined larger rival American Airlines in extending its removal of the MAX planes from its schedules until the start of September. Southwest continues to expect second quarter...

  • PARIS/ SINGAPORE, June 19- Chicago corn fell for a second session on Wednesday, pulling away from a five-year high struck at the start of the week as investors assessed the consequences of a rain-disrupted U.S. planting campaign that was now in its final stages. The most-active corn contract on the Chicago Board Of Trade was down 0.7% at $4.46-3/ 4 a bushel, as of 1103...

  • *Chicago soybeans drop after seven-session rally, wheat falls. SINGAPORE, June 19- Chicago corn futures slid for a second session on Wednesday as U.S. farmers race to finish planting, which has been delayed by excessive rains and flooding across the U.S. The most-active corn contract on the Chicago Board Of Trade was down 0.1% at $4.49-1/ 2 a bushel, as of 0248 GMT,...

  • SYDNEY, June 19- U.S. soybean futures edged lower on Wednesday, falling from more than a three-month high touched in the previous session, though losses were checked amid planting delays in North America and that Washington and Beijing will restart talks after the recent lull. *The most active soybean futures on the Chicago Board Of Trade were down 0.6% to $9.08-1/...

  • *USDA data also maintains decent wheat crop ratings. Soybeans edged lower, tracking corn, having earlier reached a 3-1/ 2 month high as the USDA report showed slower than expected soybean planting and weather forecasts predicted more showers later this week. The most-active corn contract on the Chicago Board of Trade was down 2.3% at $4.44-1/ 2 a bushel by 1127 GMT,...

  • CHICAGO, June 17- U.S. corn futures touched a five-year high on Monday and soybeans advanced, supported by forecasts for more rains in the Midwest where wet conditions have delayed plantings and cast doubts on production prospects, analysts said. CBOT July corn settled up 1-3/ 4 cents at $4.54-3/ 4 a bushel after reaching $4.64-1/ 4, a contract high and the highest...