NEW YORK/CHICAGO, July 6 (Reuters) – Some U.S. ethanol
producers are racing to bring on capacity, pushing output to
fresh highs even as soaring corn prices tighten margins and the
nation’s biofuels program faces prolonged uncertainty.
Betting on exports and robust domestic fuel demand, four
companies are finalizing expansions and projects that will add
375 million gallons of corn-based ethanol capacity this year.
CHICAGO, July 2 (Reuters) – The cost of membership at
Chicago’s famous futures trading exchanges has topped $1 million
in the past as traders snapped up the chance for benefits like
cut-price fees on deals.
But prices are sinking as the imminent closure of a huge
part of business on the trading floors reduces the appeal of a
ringside seat, and threatens a supply glut for sale or leasing
as many players retire.
CHICAGO (Reuters) – Higher numbers of hogs, cattle and broiler chickens are gobbling up animal feed, eating into supplies that were expected to grow due to the loss of 48 million chickens and turkeys in the worst-ever outbreak of bird flu in U.S. history.
The U.S. Department of Agriculture shocked markets on Tuesday when it reported that corn stocks as of June 1 were 2 percent smaller than traders and analysts had expected and soybean stocks were about 7 percent tighter.
CHICAGO (Reuters) – The powerful U.S. corn lobby is launching an unusual offensive against the country’s sugar sector, an old foe in the lucrative sweetener market: seeking to overturn the controversial, near-century old U.S. sugar program.
The Corn Refiners Association, which represents high-fructose corn syrup producers, has hired Washington lobbyist firm, the Alpine Group, to challenge sugar’s long-protected status, a spokesman for the organization said on Thursday.
CHICAGO (Reuters) – Chicago Blackhawks fans waited 77 years for their team to win the Stanley Cup on home ice, and then had to wait just a little bit longer, thanks to an inclement weather.
Torrential rains and a rare tornado warning, with a funnel cloud spotted just south of the city, almost prevented the Cup from reaching the United Center, where the Blackhawks beat the Tampa Bay Lightning four games to two on Monday.
CHICAGO (Reuters) – Duncan Keith and Patrick Kane gave Chicago all the offense they needed as the Blackhawks shut out the Tampa Bay Lightning 2-0 to win their third Stanley Cup in six years.
Keith banged in his own rebound late in the second period, giving goalie Corey Crawford all he would need for the win, and spoiling a fabulous effort by Tampa Bay goalie Ben Bishop, who turned aside 30 Chicago shots.
CHICAGO, June 12 (Reuters) – U.S. wheat futures fell to
their lowest level in 1-1/2 weeks on Friday, surrendering more
gains from a recent rally, weighed down by plentiful supplies
and slow export sales.
Corn and soybean prices also eased, with overall favorable
U.S. crop conditions contributing to the downward pressure on
CHICAGO, June 12 (Reuters) – Prices for U.S. distillers’
dried grains with solubles (DDGS) fell more than $15 per short
ton this week on chatter that top importer China was cancelling
cargoes or pushing back deliveries until autumn, export sources
said on Friday.
China cancelled two bulk vessels of U.S. DDGS and could
cancel as many as six more cargoes, two sources said. The
vessels can hold as much as 55,000 tonnes of DDGS, a
protein-rich animal feed that is a byproduct of corn-based
CHICAGO, June 11 (Reuters) – U.S. wheat futures extended
losses to the lowest levels in a week on Thursday, pressured by
gains in the dollar and after the U.S. Department of Agriculture
raised its supply outlook.
Soybeans and corn also eased as the higher greenback made
U.S. goods less attractive in international markets. The dollar
climbed as a surge in U.S. retail sales could push the Federal
Reserve to boost interest rates by September.
(Reuters) – Chicago netminder Corey Crawford stood tall and Brandon Saad scored the winner as the Blackhawks beat the Tampa Bay Lightning 2-1 to square the Stanley Cup final at two games each on Wednesday.
Crawford was strong early and even stronger in the game’s closing minutes, stopping a flurry of shots including two point-blank rips from Steven Stamkos with an extra skater on the ice for Tampa Bay.