Top News & Analysis Chicago

  • April 18- ICE cotton futures fell on Thursday as the dollar strengthened, while a fall in the weekly export sales report from the United States Department of Agriculture's added to the downbeat sentiment. settled down 0.69 cent, or 0.87 percent, at 78.27 cents per lb. It was an opportunity for those who were long in the market this week to get out and reposition...

  • Corn futures were near unchanged, while wheat futures touched a one-month low at the Chicago Board of Trade. In the United States, soybean ending stocks have swelled over the past year due to competition for export business from South American suppliers and as the U.S.- China trade hurt shipments of U.S. soy to Chinese buyers. The most active soybean futures on...

  • *Saudi Arabia oil exports fall to 7 mln bpd in Feb- JODI. LONDON, April 18- Oil prices were little changed on Thursday as a drop in crude exports from OPEC's defacto leader Saudi Arabia and a draw in U.S. oil inventories supported prices, while the strengthening dollar and weak equities kept futures in check. Brent crude futures were at $71.70 a barrel by 11:24 a.m. EDT,...

  • WASHINGTON/ CHICAGO, April 17- Boeing Co is making "steady progress" on the path to certifying a software update to the grounded 737 MAX and has made the final test flight before a certification flight, its chief executive said on Wednesday. Boeing's newest 737 model, the MAX, was grounded worldwide in March following two fatal crashes, one on Lion Air in Indonesia on...

  • MONTREAL, April 17- Canada called on Wednesday for pilots to receive simulator training for new Boeing 737 MAX software, rather than computer courses, going a step beyond proposals by U.S. regulators and opening the door to disagreement over measures to end a global grounding of the jets after two fatal crashes. Boeing Co is under pressure to deliver to global...

  • *Traders await news on U.S./ China trade talks. CHICAGO, April 17- U.S. wheat futures rose on Wednesday in a rebound from falls to one-month lows a day earlier on the Chicago Board of Trade and contract lows in Kansas City and Minneapolis markets. Most-active July wheat was up 3-3/ 4 cents at $4.52-1/ 4 a bushel at 12:48 p.m. CDT, after dropping to its lowest price since...

  • CHICAGO, April 17- United Airlines expects Boeing Co's grounded 737 MAX jets to return to service this summer, with deliveries resuming before the end of the year, an executive said on Wednesday. The groundings forced Boeing to freeze deliveries of the MAX, which had been its fastest-selling jetliner until a March 10 crash on Ethiopian Airlines that killed all...

  • April 17- Abbott Laboratories Inc reported higher-than-expected quarterly profit and sales on surging demand for its glucose monitoring device, but an unchanged forecast along with regulatory uncertainty kept investors on the edge. Senator Bernie Sanders unveiled the latest version of his " Medicare- for-All" plan that would eliminate private insurance...

  • NEW YORK, April 17- U.S. crude oil stockpiles fell unexpectedly last week as imports dropped, while gasoline and distillate inventories decreased less than forecasts, the Energy Information Administration said on Wednesday. Crude stocks at the Cushing, Oklahoma, delivery hub for U.S. crude futures fell by 1.54 million barrels, EIA said. "With the refinery runs...

  • *Soybean market awaits news on U.S./ China trade talks. "Soybeans are seeing moderate support from hopes about a U.S./ China trade deal. Chicago Board of Trade most-active wheat was up 0.7 percent at $4.48-1/ 2 a bushel at 1128 GMT, after dropping about 3 percent to its lowest since March 13 on Tuesday.

  • *Wheat recovers after dropping to one-month low on Tuesday Higher yields in U.S., Russia, Germany on crop-friendly weather. SINGAPORE, April 17- Chicago wheat futures edged up on Wednesday, supported as investors looked for bargains after the market dropped to a one-month low in the last session on pressure from expectations of bumper production across the...

  • SINGAPORE, April 17- Chicago wheat futures edged up on Wednesday, supported as investors looked for bargains after the market dropped to a one-month low in the last session on pressure from expectations of bumper production across the northern hemisphere. *The most-active wheat contract on the Chicago Board of Trade had climbed 0.1 percent to $4.45-1/ 2 a...

  • LOS ANGELES, April 16- CSX Corp on Tuesday reported a quarterly profit that topped Wall Street's target, after the No. 3 U.S. railroad operator pushed through price increases and contained labor and fuel costs by running fewer, but longer trains. CSX serves the eastern third of the United States and the Canadian provinces of Ontario and Quebec, and was not exposed to...

  • Libya envoy says Haftar made coup attempt. *Iran's oil exports hit new 2019 low so far in April- sources. NEW YORK, April 16- Oil prices rose 1 percent on Tuesday, as fighting in Libya and falling Venezuelan and Iranian exports raised concerns over tightening global supply, but uncertainty surrounding an OPEC- led production cut limited gains.

  • *Soybeans also subdued, investors await U.S.- China news. CHICAGO, April 16- U.S. grain and soybean futures slumped on Tuesday with strong crop ratings and increased forecasts for global harvests pushing Chicago Board of Trade wheat to a one-month low. "Wheat is the loss-leader today," said Karl Setzer, operations manager for Citizens LLC, a U.S. grain elevator...

  • NEW YORK/ CHICAGO, April 16- China would likely lift a ban on U.S. poultry as part of a trade deal and may buy more pork to meet a growing supply deficit, but it is not willing to allow a prohibited growth drug used in roughly half the U.S. hog herd, two sources with knowledge of the negotiations said. The United States and China are trying to hammer out a deal to end a...

  • *Soybeans also subdued, investors await U.S.- China news. PARIS/ SINGAPORE, April 16- Chicago wheat futures eased for a second straight session on Tuesday as the latest U.S. crop ratings and an increased forecast for Russia's harvest underscored ample global supply. The most-active wheat contract on the Chicago Board of Trade was down 0.7 percent to $4.56-1/ 2 a...

  • *Soybeans also subdued, investors await U.S.- China news. PARIS/ SINGAPORE, April 16- Chicago wheat futures eased for a second straight session on Tuesday as the latest U.S. crop ratings and an increased forecast for Russia's harvest underscored ample global supply. The most-active wheat contract on the Chicago Board of Trade was down 0.7 percent to $4.56-1/ 2 a...

  • WASHINGTON/ CHICAGO, April 15- U.S. "Pilots' confidence in the aircraft will lead passengers and crew to have greater confidence in the aircraft," Gordon Johndroe, vice president for communications, told Reuters. Trump, who owned the Trump Shuttle airline from 1989 to 1992 and is an aviation enthusiast, weighed in with his thoughts early on Monday.

  • CHICAGO, April 15- U.S. hog futures closed mostly higher on Monday on increasing expectations that China will need to import more pork to compensate for hogs killed in an outbreak of an incurable swine disease. China's pig herd declined 18.8 percent in March compared with the previous year, the Ministry of Agriculture and Rural Affairs said over the weekend, as...