Starbucks Corp. (SBUX) said it will close more coffee shops in the increasingly crowded U.S. market where it was a pioneer. The coffee giant said Tuesday that it will close 150 U.S. stores in its 2019 fiscal year, triple the number it has closed on average in recent years. Starbucks (SBUX) said it also will slow the growth of licensed stores in airports, supermarkets and other retail stores, reflecting criticism that the coffee-shop pioneer was expanding too rapidly.
Administration Working on Measures to Protect Farmers in Trade Fight-- Update. WASHINGTON-- The Trump administration is working on measures that protect agriculture and other critical industries from retaliatory tariffs being threatened by China amid an escalating trade dispute between the two countries, a top adviser to President Donald Trump said. Peter Navarro told reporters on Tuesday that Agriculture Secretary Sonny Perdue and others in the administration are...
Soybean Prices Hit Lowest Point in Two Years. Soybean prices fell more than 5% to the lowest point in two years Tuesday, as escalating trade tension between the U.S. and China dimmed hopes that U.S. farmers might win a reprieve from duties on the crop set to take effect next month. Prices for grain and livestock also declined as traders bet Chinese tariffs would jeopardize demand for U.S. exports.
GX_GR110 Springfield, IL Tue, Jun 19, 2018 USDA-IL Dept of Ag Market News Chicago Terminal Grain Report To Arrive Truck and Rail Bids for Grain Delivered to Chicago. The following quotations represent Bids from Terminal Elevators, Processors, Mills, and Merchandisers after 1:30 p.m. today. Grain Bids Delivery Change Basis Change SRW Wheat 4.6675-4.6875 30 Days DN 12.25 -11 N to -9 N UNCH Soybeans 8.6400-8.6900 Spot DN 19.5 -25 N to -20 N UNCH Soybeans 8.6400-8.7400 15-30 Days DN...
Soybean prices fell more than 5% to the lowest point in two years Tuesday, as escalating trade tension between the U.S. and China dimmed hopes that U.S. farmers might win a reprieve from duties on the crop set to take effect next month. Prices for grain and livestock also declined as traders bet Chinese tariffs would jeopardize demand for U.S. exports. Commodities from crude oil to copper to lumber also fell.
U.S. crop and livestock prices tumbled on Tuesday, with soybean futures hitting lows not seen in nearly a decade, as U.S. President Donald Trump threatened more tariffs on $200 billion of Chinese goods, stoking fears the trade battle between the two economic giants would have a wider impact on the global economy.
U.S. crop and livestock prices tumbled on Tuesday - with soybean futures hitting lows not seen in nearly a decade - as U.S. President Donald Trump threatened more tariffs on $200 billion of Chinese goods, stoking fears of an increasingly hostile trade war between the world's two largest economies.
SHANGHAI--Chinese shares fell to their lowest level in nearly two years, as investors nervous about the prospect of an escalating trade war between the U.S. and China dumped everything from large insurers to small tech firms. The pessimism spread to most corners of the country's financial markets, hitting China's recently resilient currency and commodities including iron ore and rubber. The benchmark Shanghai Composite Index plunged 3.8% to 2907.82 on Tuesday, its lowest...
Corn, Soybean Growth Excels-- Market Talk. 16:35 ET- This year's corn and soybean crop continues to excel. USDA says that 78% of the corn crop was in good or excellent condition as of Sunday, giving a 73% good-or-excellent rating to soybeans.
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