Top News & Analysis Illinois

  • *Trump says China "buying tremendous amounts of soybeans". SINGAPORE/ PARIS, Dec 12- Chicago soybeans rose for a second consecutive session on Wednesday after President Donald Trump said China was back in the market buying U.S. beans. The most-active soybean contract on the Chicago Board Of Trade gained 0.7 percent to $9.21-3/ 4 a bushel by 1213 GMT, after touching...

  • SEATTLE, Dec 12- Amazon.com Inc on Wednesday opened a compact version of its cashier-less Amazon Go food stores, broadening its footprint in the bricks-and-mortar world in a move to add shops in places such as office lobbies and hospitals. Located in one of the company's Seattle offices, the eighth Amazon Go store is near the original and a quarter the size, at a...

  • SYDNEY, Dec 12- U.S. soybean futures edged higher for a second consecutive session on Wednesday after President Donald Trump said China was buying a "tremendous amount" of U.S. beans, shrugging off fears of larger-than-expected global stockpiles. *The most active soybean futures on the Chicago Board Of Trade were up 0.4 percent at $9.18-1/ 2 a bushel by 0147 GMT, near...

  • WASHINGTON, Dec 11- President Donald Trump said on Tuesday that China was buying a "tremendous amount" of U.S. soybeans and that trade talks with Beijing were already under way by telephone, with more meetings likely among U.S. and Chinese officials. Trump told Reuters in an interview that the Chinese government was "back in the market" to buy soybeans after a Dec. 1...

  • CHICAGO, Dec 11- Chicago will not immediately pursue the issuance of up to $10 billion of pension bonds to buoy its underfunded retirement system, under steps Mayor Rahm Emanuel will outline to the city council on Wednesday, a city hall source said on Tuesday. Chicago's unfunded pension liability was $27.6 billion in 2017 with a funded ratio of only 26.5 percent...

  • McDonald's becomes the biggest beef buyer to tackle the issue in cattle, potentially creating a new standard for livestock producers and threatening sales by drug companies such as Merck& Co and Elanco Animal Health. "McDonald's iconic position and the fact that they're the largest single global purchaser of beef make it hugely important," said David Wallinga,...

  • WASHINGTON/ NEW YORK, Dec 11- The White House is delaying a second round of payments from a $12 billion aid package for farmers stung by a trade dispute between China and the United States, amid optimism China will soon resume buying U.S. soybeans, three sources familiar with the matter told Reuters. President Donald Trump's Office of Management and Budget at the...

  • CHICAGO, Dec 11- U.S. soybean futures closed higher on Tuesday as traders anticipated potential Chinese purchases of U.S. agricultural products, and shrugged off a bearish monthly global soy inventories report from the U.S. Department of Agriculture. Corn firmed, led by soybeans, but wheat futures fell after the USDA raised its forecasts of U.S. and global wheat...

  • *Russia outlines gradual cut as part of OPEC+ deal. Equities reacted first, taking oil prices down with it, "said John Kilduff, a partner at Again Capital Management in New York. Prices rose over $1 a barrel earlier in the session after Libya's National Oil Company declared a force majeure on exports from the country's biggest oilfield, which was seized last weekend...

  • MONTREAL, Dec 11- New Jersey Transit's board will decide on Wednesday whether to award the first part of an order for up to 999 cars worth as much as $3.6 billion to Bombardier, a copy of the agency's Dec. 12 agenda shows. The deal also includes options for up to 636 vehicles for New Jersey and an additional 250 cars for the Southeastern Pennsylvania Transportation...

  • *Russia outlines gradual cut as part of OPEC+ deal. Equities reacted first, taking oil prices down with it, "said John Kilduff, a partner at Again Capital Management in New York. Prices rose over $1 a barrel earlier in the session before the stock market pulled back and after Libya's National Oil Company declared a force majeure on exports from the country's biggest...

  • "All indications seem to be that you should see an announcement here at least for China to buy enough beans to replenish reserves," said Terry Linn, analyst with Linn& Associates, a Chicago brokerage. U.S. soybean exports to China, by far the world's largest buyer, collapsed after China slapped tariffs on U.S. supplies as the trade war between the two countries heated...

  • SINGAPORE, Dec 11- Chicago soybean futures slid for a second session on Tuesday with prices coming under pressure from lack of Chinese demand for U.S. supplies amid a trade war between the two countries. The most-active soybean contract on the Chicago Board Of Trade was down 0.1 percent at $9.09 a bushel by 0244 GMT, near the session low of $9.06 a bushel- the weakest...

  • SYDNEY, Dec 11- U.S. soybean futures fell for a second consecutive session on Tuesday to a five-day low as concerns over demand for North American supplies weighed on the market. *The most active soybean futures on the Chicago Board Of Trade were down 0.3 percent at $9.06-3/ 4 a bushel by 0119 GMT, near the session low of $9.06 a bushel- the lowest since Dec 6.

  • Dec 10- Bunge Ltd Chief Executive Officer Soren Schroder is stepping down after five years at the helm of the global agribusiness following months of pressure from shareholders to shake up the company amid a prolonged grain market slump. The U.S.- China trade war has slashed exports of U.S. crops to China, further depressing prices. Capital Innovations owned...

  • NEW YORK, Dec 10- U.S. Treasury yields drifted higher on Monday as Wall Street stocks recovered, but trading was mostly rangebound as investors digested the Brexit turmoil and its impact on other assets after Britain's Prime Minister Theresa May postponed a parliamentary vote on her deal to exit the European Union. Following May's decision, U.S. 30- year yields...

  • CHICAGO, Dec 10- U.S. soy and wheat futures fell on Monday on positioning ahead of a monthly U.S. Department of Agriculture crop supply/demand report and uncertainty about the ongoing U.S.- China trade dispute, traders said. "The ags have largely been stagnant thus far today, facing modest headwinds from the outside markets, with traders also being cautious ahead...

  • Dec 10- Wall Street fell for a fourth straight day on Monday, sending the S&P 500 to an eight-month low, with banks, energy and health stocks leading losses on mounting worries over global growth, the U.S.- China trade war and uncertainty over Brexit. Markets have been dogged by signs of cooling global growth, concerns over interest rates and worries that...

  • Brazil's Embraer announced in July its intention to sell 80 percent of its commercial aviation business to Chicago- based Boeing for $3.8 billion. The injunction emerged from a class action brought by four congressmen from Brazil's left-wing Workers Party and had been granted on Thursday. Brazil's solicitor general's office confirmed the injunction that...

  • *Apple falls after China court bans iPhone import, sales. Dec 10- The S&P 500 fell to an eight-month low on Monday as Apple Inc, as well as financial and healthcare sectors led losses on mounting worries over global growth, the U.S.- China trade war and uncertainty over Britain's exit from the European Union. "You have political tensions with China, the potential for...