Top News & Analysis Illinois

  • *Trump comments fuel uncertainty about U.S.- China tariffs. CHICAGO, Nov 11- U.S. grain and soybean futures weakened on Monday as optimism faded over prospects for a trade deal with China. U.S. farmers have been hoping for an interim trade agreement to ease the dispute that has slowed shipments of American farm products, including soybeans, grain sorghum and pork,...

  • NEW YORK, Nov 11- Oil prices steadied on Monday after industry data showed a drop in stocks at the Cushing, Oklahoma, but trade concerns weighed after U.S. President Donald Trump appeared to downplay reports of an imminent lifting of tariffs on China. "There were no real compelling stories to drive us over the weekend, and all of a sudden we have one piece of hard data...

  • *Trump comments add to uncertainty about U.S.- China tariffs. The market was also focussed on the trade conflict between the United States and China, with comments by U.S. Officials from both countries said on Thursday that China and the United States had agreed to roll back tariffs already in place on each others' goods in a "phase one" trade deal to end a damaging...

  • SYDNEY, Nov 11- U.S. corn futures slipped on Monday, as a firmer dollar and weak demand raised concerns about American exports, though losses were capped by a lower-than-expected production forecast from the U.S. Department of Agriculture. *President Donald Trump on Friday said he has not agreed to rollbacks of U.S. tariffs sought by China, sparking fresh doubts...

  • CHICAGO/ WASHINGTON, Nov 8- Southwest Airlines and American Airlines Group Inc said on Friday they are extending Boeing 737 MAX cancellations until early March, just shy of the one-year anniversary of an Ethiopian Airlines crash of the jet that led to a worldwide grounding. Southwest, which has bet its entire growth strategy on Boeing's newest single-aisle...

  • CHICAGO/ WASHINGTON, Nov 8- Southwest Airlines and American Airlines Group Inc said on Friday they are extending Boeing 737 MAX cancellations until early March, just shy of the one-year anniversary of an Ethiopian Airlines crash of the jet that led to a worldwide grounding. Southwest, which has bet its entire growth strategy on Boeing's newest single-aisle...

  • CHICAGO/ WASHINGTON, Nov 8- Southwest Airlines said on Friday it is extending Boeing 737 MAX cancellations until March 6, 2020, just shy of the one-year anniversary of an Ethiopian Airlines crash of the jet that led to a worldwide grounding. United Airlines and American Airlines, the other two U.S. operators of the jet, have canceled their 737 MAX flights into...

  • *USDA cuts U.S. corn yield, production; soy crop unchanged. Soybeans fell as the USDA left its U.S. crop yield and harvest outlooks unchanged despite poor weather this summer and fall that had many market observers expecting cuts. The forecast, in a monthly USDA crop supply-and-demand report released at midsession, added to earlier pressure stemming from renewed...

  • *Imported pork prices in China have doubled. *China also steps up purchases of beef, chicken. LONDON/ BEIJING, Nov 8- China is scouring the world for meat to replace the millions of pigs killed by African swine fever, boosting prices, business and profits for European and South American meatpackers as it re-shapes global markets for pork, beef and chicken.

  • CHICAGO, Nov 7- Beyond Meat aims to start production in Asia before the end of next year, as it gets closer to selling its popular plant-based meat products in China, Executive Chairman Seth Goldman told Reuters. While Beyond Meat sells its products in Taiwan, Singapore and Hong Kong, the company and rival Impossible Foods are racing to expand sales to China, a major...

  • *Delay in signing of U.S.- China trade deal weighs on prices. SINGAPORE, Nov 7- Chicago corn futures slid for a sixth consecutive session on Thursday, while soybean traded near one-week low as concerns over slowing demand and a delay in sealing a preliminary U.S.- China trade deal weighed on prices. The most-active corn contract on the Chicago Board Of Trade was...

  • SYDNEY, Nov 7- U.S. soybean futures were little changed on Thursday, hovering near a one-week low hit in the previous session, with traders being anxious amid reports of delays in sealing an anticipated trade deal between Washington and Beijing. *The most active soybean futures on the Chicago Board Of Trade were trading at $9.27-3/ 4 a bushel, as of 0017 GMT, having...

  • WASHINGTON/ PARIS, Nov 6- U.S. and European regulators have asked Boeing Co to revise documentation on its proposed 737 MAX software fix, the planemaker confirmed Wednesday, a development that further complicates its efforts to return the jet to service by year-end. The world's largest planemaker submitted documentation in a key part of an approval process,...

  • WASHINGTON/ PARIS, Nov 6- Regulators have asked Boeing Co to fill in gaps in the documentation on its proposed 737 MAX software fix, industry sources told Reuters, raising new questions over the planemaker's hopes to return the jet to U.S. service by year-end. The world's largest planemaker submitted documentation in a key part of an approval process, already...

  • *Soybeans sink as interim U.S.- China trade deal delayed. CHICAGO, Nov 6- U.S. soybean futures slumped on Wednesday on rising supplies from the ongoing U.S. harvest and concerns about a delay in finalizing a "phase one" trade deal with China that could speed imports by the world's top buyer. The market's focus has been on Friday's monthly supply and demand report from...

  • Nov 6- U.S. crude oil stockpiles rose sharply last week as refineries cut output and exports dropped, while refined products extended a multi-week drawdown, the Energy Information Administration said on Wednesday. This is definitely a shocking number- even if youre bearish youre shocked, "said Phil Flynn, an analyst at Price Futures Group in Chicago.

  • *Chicago corn futures rise for 1st time in 5 sessions. PARIS/ SINGAPORE, Nov 6- Chicago corn, wheat and soybean futures ticked higher on Wednesday as investors adjusted positions in the run-up to government data that will offer more clues on the U.S. harvest while also awaiting developments in U.S.-Chinese trade talks. The most-active corn contract on the Chicago...

  • SEATTLE/ HONG KONG, Nov 6- Boeing Co is planning an initial investment of around $1 billion into industry-wide pilot development as part of a long-term initiative to reduce risks like those faced by the crew in two 737 MAX crashes, people familiar with the matter said. The company currently expects that to happen in the United States by year-end.

  • *OPEC's Barkindo flags' upside potential' for oil. NEW YORK, Nov 5- Oil prices rose more than 1% on Tuesday on hopes for a U.S.- China trade agreement and optimism that Washington could roll back some tariffs on Chinese imports. "While such a development could accommodate a signing of a Phase 1 deal that would allow for a further increase in risk acceptance and hence,...

  • *OPEC's Barkindo flags' upside potential' for oil. NEW YORK, Nov 5- Oil prices rose more than 1% on Tuesday on hopes for a U.S.- China trade agreement and optimism that Washington could roll back some tariffs on Chinese imports. "While such a development could accommodate a signing of a Phase 1 deal that would allow for a further increase in risk acceptance and hence,...