Top News & Analysis Illinois

  • SYDNEY, Aug 26- U.S. soybean futures rebounded on Monday after hitting a nearly three-week low earlier in the session, though gains were limited as Beijing and Washington engaged in a rapid-fire tariff escalation over the weekend. *Grain market under pressure after China announced retaliatory tariffs on about $75 billion worth of U.S. goods, including...

  • *Disney plans additional 40 stores by Oct 2020. Disney stores will launch inside Target in major cities such as Philadelphia, Denver and Chicago. Guests can browse and purchase Disney store specialty merchandise from Disney, Pixar, Marvel and Star Wars, at select Target locations, the Target statement said.

  • Aug 23- The U.S. Centers for Disease Control and Prevention said on Friday it had identified 193 potential cases of severe lung illness tied to vaping in 22 states as of Aug. 22, including one adult in Illinois who died after being hospitalized. E-cigarettes are generally thought to be safer than traditional cigarettes, which kill up to half of all lifetime users,...

  • Aug 23- The owner of the only U.S. rare earths mine is going on a hiring spree as it looks to significantly boost production, part of a strategy to build out American refining capability after China raised tariffs on the minerals amid an escalating trade war. The mine has relied on China for rare earth processing, fueling national security concerns.

  • BEIJING/ CHICAGO, Aug 23- China said on Friday it will impose more tariffs on U.S. agricultural goods, its latest retaliatory measure aimed at Midwestern states whose voters helped elect President Donald Trump in 2016.. Trump ratcheted up tensions on Friday with a series of tweets that said he was ordering U.S. companies to look at ways to close their operations in...

  • NEW YORK, Aug 23- Mark VenHuizen, the comptroller of a family business which sells parts for boat engines in Florida, says he has complained three times to Worldpay Inc since 2016 for tacking on extra fees to process his customers' credit and debit card payments without clearly telling him about it. The first two times when he complained after noticing larger costs...

  • BEIJING, Aug 23- China said on Friday it will impose an extra 5% tariff on U.S. soybeans from Sept 1, and additional 10% duties on U.S. wheat, corn and sorghum from Dec. 15, in Beijing's latest retaliatory trade measures https://www.reuters.com/article/us-usa-trade-china/china-strikes-back-in-trade-d i s p u t e- w i t h- u- s- w i t h- n e w- t a r i f f s- i d U S K C N 1 V D 1 A J against...

  • PARIS/ SINGAPORE, Aug 23- Chicago grain and soybean futures were little changed on Friday as traders assessed the weather outlook for U.S. corn and soybean crops while awaiting harvest forecasts at the end of an industry tour of Midwest fields. The most active corn contract on the Chicago Board of Trade was down 0.5% at $3.69-1/ 4 by 1026 GMT, holding above...

  • SYDNEY, Aug 23- U.S. corn futures took a breather on Friday but the grain was poised to record its second straight weekly loss as ample global supplies weighed on prices. *The most active corn futures on the Chicago Board of Trade were down 2.5% for the week, extending two-week losses to more than 10%. *U.S. Department of Agriculture reported wheat export sales in the...

  • CHICAGO/ WASHINGTON, Aug 22- The U.S. Federal Aviation Administration said on Thursday it would invite Boeing 737 MAX pilots from across the world to participate in simulator tests as part of the process to recertify the aircraft for flight following two fatal crashes. In a statement, the FAA said it had not specified the number of required hours of flight...

  • CHICAGO, Aug 22- Chicago Mercantile Exchange live cattle futures advanced for a fourth straight session on Thursday, led by the nearby August contract as robust profit margins for beef packers fueled expectations of strong demand for cash cattle, traders said. CME August live cattle futures settled up 2.300 cents at 104.975 cents per pound, while October live...

  • CHICAGO, Aug 22- China has purchased about only half the U.S. soybeans it pledged to buy earlier this year, a U.S. Department of Agriculture official said on Thursday, after a small sale was reported amid the two countries' escalating trade war. President Donald Trump has vowed to impose new tariffs on Beijing starting in September, prompting China to say it had...

  • At 12:30 p.m. CDT, Chicago Board of Trade December corn was up 3/ 4 cent at $3.71 per bushel. December wheat was up 5-1/ 4 cents at $4.73-1/ 4 a bushel while November soybeans were down 5 cents at $8.68 a bushel. "We need every GDD we can get to bring these crops home, yet it's supposed to be kind of cool for the next week or two," said Jack Scoville, an analyst with the Price...

  • *Corn edges up as crop tour points to lower Illinois yields. LONDON, Aug 22- Chicago corn futures edged up on Thursday as a widely watched crop tour indicated there could be a drop in yields in Illinois, the second largest corn-growing state. The most-active corn contract on the Chicago Board Of Trade had risen 0.1% to $3.70-3/ 4 a bushel by 1125 GMT, edging further away...

  • COLFAX, North Dakota, Aug 22- North Dakota bet bigger on Chinese soybean demand than any other U.S. state. For North Dakota, losing China- the buyer of about 70% of the state's soybeans- has destroyed a staple source of income. "North Dakota has probably taken a bigger hit than anybody else from the trade situation with China," said Jim Sutter, CEO of the U.S. Soybean Export...

  • Chicago Board of Trade November soybean futures settled up 4-3/ 4 cents at $8.73 per bushel. December corn ended up 1-1/ 2 cents at $3.70-1/ 4 a bushel, after falling to $3.66-1/ 4, the contract's lowest since mid-May. December wheat finished up 1-1/ 2 cents at $4.68 after touching $4.61-3/ 4, its lowest since May 14.

  • *Next: Powell's Jackson Hole speech on Friday. NEW YORK, Aug 21- A global equities gauge rose on Wednesday for a third day in four as bets on more economic stimulus overcame, for now, worries over the rising prospect of a global recession. Strong earnings in the United States and the report of talks on a megamerger in European autos triggered gains in stocks, and the...

  • SEATTLE, Aug 20- Boeing Co said on Tuesday it plans to add extra staff and hire "a few hundred" temporary employees at an airport in Washington state where it is storing many grounded 737 MAX jetliners, a key step in its best-case plan for resuming deliveries to airline customers in October. The world's largest planemaker, burning cash as one of the worst crises in its...

  • NEW YORK, Aug 21- U.S. Italys government debt also steadied as Italian President Sergio Mattarella began two days of talks with parties on Wednesday to seek a way out of a political crisis that will lead to formation of the country's 67th government since World War Two or to early elections. But the Federal Reserve is the prime focus of investors this week, with...

  • WASHINGTON, Aug 20- Subsidized steel rack imports from China have materially harmed U.S. industry, the U.S. International Trade Commission found on Tuesday, locking in the Trump administration's duties on such products in the worsening U.S.- China trade war. The U.S. Commerce Department last month said it had concluded that exporters from China had sold steel...