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Top News & Analysis Chicago

  • SYDNEY, March 29- U.S. wheat edged higher on Wednesday, rebounding from a more than two-month low touched in the previous session, though forecasts of crop-friendly weather provided a ceiling to gains. The most active wheat futures on the Chicago Board Of Trade rose 0.1 percent to $4.25 a bushel, having closed up 0.9 percent on Tuesday. The fundamentals remain...

  • SYDNEY, March 29- U.S. soybeans edged lower on Wednesday as expectations for increased plantings in North America, along with already ample global supplies, kept the oilseed tethered near a five-month low. *The most active soybean futures on the Chicago Board Of Trade fell 0.1 percent to $9.70-3/ 4 a bushel, having closed little changed in the previous session.

  • *Trade awaits USDA plantings and stocks reports due Friday. Chicago Board of Trade May wheat settled up 3-3/ 4 cents at $4.24-1/ 2 per bushel. CBOT May corn ended up 2 cents at $3.57-3/ 4 a bushel and May soybeans rose 1/ 2 cent at $9.72 a bushel.

  • NEW YORK, March 28- U.S. Lou Brien, market strategist at DRW Trading in Chicago, said gains in the U.S. stock market and the strong consumer confidence data turned the corner for Treasury debt yields. "This is an impressive gain... and a notable disconnect with 10- year yields under 2.38 percent, but it surely reflects the ongoing bid for equities," said Ian Lyngen, head of...

  • NEW YORK, March 28- U.S. Lou Brien, market strategist at DRW Trading in Chicago, said gains in the U.S. stock market and the strong consumer confidence data turned the corner for Treasury debt yields. "This is an impressive gain... and a notable disconnect with 10- year yields under 2.38 percent, but it surely reflects the ongoing bid for equities," said Ian Lyngen, head of...

  • *Gold resistance around $1,260, near the 200- day moving average. NEW YORK/ LONDON, March 28- Gold prices turned lower on Tuesday, after nearing the prior session's one-month high, as the U.S. dollar, Treasury yields and stock markets extended gains. "We saw investors cycle out of gold but back into equity markets," said Phillip Streible, senior commodities broker for...

  • *Trade awaits USDA plantings and stocks reports due Friday. As of 12:38 p.m. CDT, Chicago Board of Trade May wheat was up 3-1/ 4 cents at $4.24 per bushel. CBOT May corn was up 1 cent at $3.56-3/ 4 a bushel and May soybeans were steady at $9.71-1/ 2 a bushel.

  • March 28- International offshore driller Ocean RIG UDW Inc filed for Chapter 15 bankruptcy protection in a U.S. court late Monday, hit by cancellations as major oil producing customers withdrew from deep water projects amid falling oil prices. The Cayman Islands holding company, which spent heavily on new drill ships earlier in the decade, said lower oil prices...

  • NEW YORK, March 28- Callan Olive is about as adult as you can get for a 26- year-old. She and her husband, Isaac, who is also 26, own a house near Chicago where they live with their 4- year-old, 2- year-old and newborn. There are 4.75 million more 26- year-olds like the Olives out there right now, which makes young adults born in 1990 the largest single age group in the United...

  • *Samsung to unveil Galaxy S8 smartphone in New York on Weds. SEOUL, March 28- After the damaging recall of its fire-prone Note 7 smartphone, you could be forgiven for thinking Samsung Electronics Co Ltd would make a song and dance about battery safety in its new flagship phones, due to be launched in the United States on Wednesday. "If you talk about safety, it...

  • NEW YORK, March 28- Callan Olive is about as adult as you can get for a 26- year-old. She and her husband, Isaac, who is also 26, own a house near Chicago where they live with their 4- year-old, 2- year-old and newborn. There are 4.75 million more 26- year-olds like the Olives out there right now, which makes young adults born in 1990 the largest single age group in the United...

  • WASHINGTON, March 27- The White House will take a lead role in crafting legislation to overhaul the U.S. tax code, eyeing an August target date as President Donald Trump seeks his first legislative victory following the failure last week of a long-promised bill to undo Obamacare. The White House said on Monday it was moving ahead with tax reform, calling it a "huge...

  • WASHINGTON, March 27- Following the failure of a healthcare bill backed by President Donald Trump, his administration plans to take a lead role in crafting major legislation to cut taxes with an eye toward meeting an August target date, the White House said on Monday. "Obviously, we're driving the train on this," White House spokesman Sean Spicer said during a...

  • WASHINGTON, March 27- Following the failure of a healthcare bill backed by President Donald Trump, his administration plans to take a lead role in crafting major legislation to cut taxes with an eye toward meeting an August target date, the White House said on Monday. "Obviously, we're driving the train on this," White House spokesman Sean Spicer told a briefing.

  • The Rockefeller Institute of Government, the public policy research arm of the State University of New York, said while the revised forecasts varied, states generally anticipate continued sluggish growth for their two biggest revenue sources: income and sales taxes. "States will have to find a way to raise revenue or cut spending," said Lucy Dadayan, one of the...

  • March 27- U.S. stocks slid on Monday amid concerns that Republican President Donald Trump may struggle to push a sweeping overhaul of the tax code through Congress in the wake of his party's failure last week to pass broad healthcare legislation. The White House has sought to refocus attention on that part of Trump's agenda since the collapse on Friday of a...

  • SYDNEY/ PARIS, March 27- U.S. soybeans edged lower on Monday, hovering close to a five-month low amid ample global supplies of the oilseed and strong South American production. The most active soybean futures on the Chicago Board Of Trade fell 0.3 percent to $9.73 a bushel after hitting $9.72-1/ 4 a bushel, a five-month low already hit on Friday.

  • The most active soybean futures on the Chicago Board Of Trade fell 0.1 percent to $9.74-1/ 2 a bushel, having closed down 1.6 percent on Friday when prices hit $9.72-1/ 4 a bushel, the lowest since October last year. "Brazil's large soybean harvest is now almost 70 percent complete, Argentina's forecasters just raised their estimate of the 2016 crop significantly...

  • SYDNEY, March 27- U.S. soybeans took a breather on Monday, although silo-busting supply expectations kept the oilseed near a five-month low. *The most active soybean futures on the Chicago Board Of Trade were little changed at $9.76-1/ 4 a bushel, having closed down 1.6 percent on Friday when prices hit a low of $9.72-1/ 4 a bushel, the lowest since Oct. 19, 2016.

  • Reversing a lower court ruling, the 7th U.S. Circuit Court of Appeals in Chicago said Alisha Bromfield's mother may pursue claims that Home Depot should not have employed the supervisor, given his known history of sexually harassing, verbally abusing and physically intimidating female subordinates. Home Depot spokesman Stephen Holmes said the Atlanta-...