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Top News & Analysis Chicago

  • *Argentina is world's No. 2 corn exporter after the U.S. BUENOS AIRES, Oct 30- Argentina could lose 20 percent of its projected corn crop and 10 percent of its soy this season because of violent storms that have lashed the Pampas farm belt over the last three months, a local expert said on Tuesday.

  • *Saks, Macy's hope to open in New York City on Wednesday. Luxury department store Saks Inc said it would reopen on Tuesday three of the stores that it had to close because of Sandy, including stores in greater Washington and Philadelphia.

  • *Boeing sees up to $27 bln in Russian titanium buying. MOSCOW, Oct 30- Boeing Co will sell 35 of its 737 MAX airliners to an aircraft leasing arm of Russian Technologies in a deal worth $3.5 billion, the companies said on Tuesday.

  • MOSCOW, Oct 30- State-owned industrial and defence vehicle Russian Technologies is to buy 35 737 MAX planes from U.S. aerospace company Boeing Co for $3.5 billion, the companies said in a joint statement on Tuesday. Boeing has predicted that Russia and neighbouring states will take delivery of 1,140 new aircraft over the next 20 years, valued at $130 billion.

  • Oct 30- U.S. buyout firm Cerberus Capital Management LP is working with a group of real estate firms on a possible bid for supermarket chain Supervalu Inc, the Wall Street Journal reported on Monday, citing people familiar with the matter.

  • CHICAGO, Oct 29- CME Group Inc will maintain the nearly round-the-clock electronic grain-trading that it implemented in May despite criticism by some traders that the new format is hurting market liquidity, a top executive told Reuters on Monday. The exchange expanded the grain trading session to fend off a challenge from rival IntercontinentalExchange.

  • TOKYO, Oct 30- Japan's Nikkei share average is expected to hold in a narrow range early on Tuesday ahead of a much-anticipated meeting by the Bank of Japan, which is widely expected to ease monetary policy.

  • NEW YORK, Oct 29- Commodities fell broadly on Monday after a powerful storm lashed the U.S. East Coast, closing down Wall Street and whittling investor activity across financial markets. The U.S. currency ran up as the euro fell on uncertainties on whether Greece could agree to a deal on austerity and whether Spain would request for aid.

  • CHICAGO, Oct 29- U.S. soybean futures fell 2.2 percent on Monday, their biggest daily slide in almost a month, due to crop-friendly weather forecasts for top producer Brazil and concerns about Hurricane Sandy's impact on the U.S. financial sector.

  • NEW YORK/ LONDON, Oct 29- Arabica coffee futures trading on ICE turned higher after hitting a four-month low on Monday, on concern about possible flooding in areas where stocks are stored on the U.S. East Coast and as the market approached a key support level.

  • CHICAGO, Oct 29- U.S. soybean futures fell nearly 2 percent on Monday, the biggest daily slide in two weeks, on long liquidation tied to improving weather outlooks in top producer Brazil and concerns about Hurricane Sandy's impact on the U.S. financial sector.

  • NEW YORK, Oct 29- U.S. stock index futures fell in a shortened session on Monday and cash equity trading was canceled as powerful Hurricane Sandy bore down on the U.S. East Coast while renewed uncertainty in Europe hurt sentiment.

  • NEW YORK, Oct 29- Gasoline and heating oil futures jumped on Monday as Hurricane Sandy approached the U.S. East Coast and refineries in the region shut or curbed production.

  • *Illinois' importing' corn by rail from N.Dakota, Minnesota. CHICAGO, Oct 29- The devastating U.S. drought and ensuing crop disease are upending traditional grain movement patterns, with dozens of trains and barges shipping North Dakota or Mississippi corn into the Corn Belt rather than out to the coasts.

  • TOKYO, Oct 29- Japan's Nikkei share average seen weakening slightly on Monday after gaining 6 percent since Oct. 12 on growing expectations that the Bank of Japan will take substantial easing steps when it meets on Tuesday.

  • CHARLOTTE, N.C.-- Here was Chas Kaufmann's life before the Great Recession: $28,000 in restaurant tabs in a year, cruises, house parties with fireworks. Now: "We mainly shop at Sam's Club and portion out our meals. We spend $4 to $5 a night on eating. "

  • NEW YORK, Oct 27- Hurricane Sandy is charging up the East Coast as a cold front is tearing across the U.S. from the west and an arctic blast is barreling down from the north. Valerie Dziengiel isn't worried one bit.

  • Listen to Caroline Winsett, a senior at DePaul University, who considers herself fairly socially liberal but says being fiscally conservative matters most right now. "Ultimately, I'm voting with my pocketbook," says Winsett, a 22- year-old political science major who's president of the DePaul student body.

  • Oct 26- Individual donors to U.S. presidential candidates can contribute up to $2,500 for the state-by-state party nominating contests and another $2,500 for the general election.

  • CHICAGO, Oct 26- U.S. soybeans slipped for a second straight day on Friday on signs of waning U.S. exports and improving crop weather prospects in South America that could lead to bumper output in Brazil and Argentina.