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Top News & Analysis Chicago

  • The size of the deal eclipsed the total of privately negotiated U.S. wheat shipments to Egypt for all of the 2016/ 17 crop year. Egypt bought 115,000 tonnes of U.S. wheat for the 2017/ 18 crop year at prices ranging from $207.25 to $207.90 a tonne, including freight, in the most recent deal. Total wheat shipments to Egypt are expected to grow to 12 million tonnes in the...

  • *Washington Post: WH official of interest in Russia probe. A senior White House adviser is a significant person of interest in the law enforcement investigation of possible Russian ties, the Washington Post reported on Friday, citing people familiar with the matter. Separately the New York Times reported that Trump told Russian officials at the White House...

  • CHICAGO/ SAN FRANCISCO, May 19- Wells Fargo& Co is paying a price in the U.S. municipal bond market for the bogus customer accounts scandal that hit the bank last year and led to bans by some cities and states, an analysis of Thomson Reuters data shows. California, along with Massachusetts, Chicago, and Ohio, suspended Wells Fargo last fall from pricing their negotiated...

  • NEW YORK/ LONDON, May 19- Gold rose on Friday and was on track for its best week in five as the dollar softened on political turbulence in the United States, boosting bullion's safe-haven appeal. President Donald Trump last week fired Federal Bureau of Investigation Director James Comey. This triggered a political firestorm that culminated on Wednesday in the...

  • NEW YORK/ LONDON, May 19- Gold rose on Friday and was on track for its best week in five as the dollar softened on political turbulence in the United States, boosting bullion's safe-haven appeal. President Donald Trump last week fired Federal Bureau of Investigation Director James Comey. This triggered a political firestorm that culminated on Wednesday in the...

  • Soybeans firmed in a light rebound from Thursday's 3 percent sell-off as Brazil's currency stabilized. As of 12:34 p.m CDT, Chicago Board of Trade July corn was up 6-1/ 2 cents at $3.72-1/ 2 per bushel after reaching $3.73, its highest since May 11. CBOT July soybeans were up 9-1/ 2 cents at $9.54-1/ 4 a bushel and July wheat was up 9 cents at $4.34-3/ 4 a bushel.

  • May 19- Deere& Co raised its full-year sales and profit forecast for the second time, as demand improves for its farm and construction equipment, particularly in South America, sending its shares to a record high of $122.22. The company said it expected fiscal 2017 industry sales of tractors and combined harvesters in South America to be at the high-end of its...

  • SYDNEY, May 19- U.S. soybeans edged higher on Friday after sinking to a one month low in the previous session, but the oilseed was still poised to finish the week down nearly 2 percent as a weaker Brazilian real weighed on prices. *Soybeans hit a low of $9.42-3/ 4 a bushel on Thursday, the lowest since April 19. *Brazil just completed the harvest of its largest-ever soy...

  • CHICAGO, May 18- U.S. soybean futures fell more than 3 percent on Thursday as a plunge in the value of Brazil's currency encouraged Brazilian farmers to step up sales from their record-large harvest, analysts said. Chicago Board of Trade July soybean futures settled down 31 cents at $9.44-3/ 4 per bushel after dipping to $9.42-3/ 4, the contract's lowest since April...

  • CHICAGO, May 18- Brazilian farmers are rushing to sell soybeans after a 7 percent drop in the real currency made their supplies more affordable than exports from the United States. Farmers in Brazil, the world's second-biggest producer of soybeans after the United States, were selling beans on Thursday that had been locked up in storage bins for weeks because...

  • CHICAGO, May 18- Brazilian farmers are rushing to sell soybeans after a 7 percent drop in the real currency made their supplies more affordable than exports from the United States. Farmers in Brazil, the world's second-biggest producer of soybeans after the United States, were selling beans on Thursday that had been locked up in storage bins for weeks because...

  • NEW YORK, May 18- U.S. They are taking their cue from that, "said Lou Brien, a market strategist at DRW Trading in Chicago, adding that markets are trading very nervously. Yields on benchmark 10- year notes fell to 2.18 percent overnight, the lowest since April 19, after Reuters reported that Michael Flynn and other advisers to Trumps campaign were in contact with...

  • As of 11:34 a.m. CDT, Chicago Board of Trade July soybean futures were down 27-3/ 4 cents at $9.48 per bushel after dipping to $9.46, the contract's lowest since April 11. CBOT July corn was down 5-3/ 4 cents at $3.65-3/ 4 a bushel, and July wheat fell 1-1/ 2 cents at $4.25-1/ 2 a bushel. Brazil just completed the harvest of its largest-ever soy harvest, estimated by the U.S....

  • May 18- U.S. stocks rose as upbeat economic data emboldened investors to return to the market on Thursday, a day after Wall Street suffered its worst selloff in eight months following a political turmoil involving President Donald Trump. Wall Street rebounded after the Philadelphia Federal Reserve said its business activity index unexpectedly rose in May...

  • CHICAGO, May 18- Wal-Mart Stores Inc on Thursday reported higher-than-expected quarterly sales at established U.S. stores, as investments to bring more customers into the discount retailer paid off and a bigger push into e-commerce boosted online purchases, sending its shares flirting near a 52- week high. Wal-Mart and analysts said the company is...

  • NEW YORK, May 18- Stocks rose on Wall Street on Thursday, capping a wave of declines in major world equity markets triggered by uncertainty over U.S. The Justice Department on Wednesday named former FBI chief Robert Mueller as special counsel to investigate alleged Russian interference in the 2016 U.S. election and possible collusion between Trump's campaign...

  • May 18- U.S. stocks rose as upbeat economic data emboldened investors to return to the market on Thursday, a day after Wall Street suffered its worst selloff in eight months following a political crisis involving President Donald Trump. Wall Street rebounded after the Philadelphia Federal Reserve said its business activity index unexpectedly rose in May...

  • *Weekly jobless claims fall more than expected. May 18- U.S. stocks edged up slightly on Thursday as investors sought bargains a day after the market slumped following a scandal that cast a shadow over Donald Trump's presidency and the future of his ambitious pro-growth agenda. "I would anticipate that the markets flatten out and start to rise a little bit maybe...

  • May 18- A selloff in U.S. stocks looked set to extend into its second day on Thursday as a series of scandals cast a shadow over Donald Trump's presidency and the future of his ambitious pro-growth agenda. Reports that Trump's former National Security Advisor Michael Flynn and other campaign advisers were in contact with Russian officials through phone calls...

  • *Soybeans down 2 pct, weaker real seen fuelling Brazil exports. PARIS/ SINGAPORE, May 18- Chicago soybeans fell sharply on Thursday, accelerating a pullback from a one-week high a day earlier, as an easing in the Brazilian real shifted attention back towards export competition from a huge South American harvest. The Chicago Board Of Trade most-active soybean...