News

Hanwha Ocean shares sink 23% as it loses bid to build Canada's next fleet of submarines

Shares of Hanwha Ocean fell over 20% after the company lost the bidding war to Germany's ThyssenKrupp Marine Systems to build Canada's next fleet of submarines.

Yen pinned near 40-year low in test of Tokyo's intervention resolve

The yen weakened anew on Tuesday as traders grew emboldened to push the currency lower with no sign yet of intervention by Japanese authorities, though the risk of a surprise yen-buying move by Tokyo kept losses in check.

CNBC Daily Open: Dow hits new high and football gets political

NDAQ, NDAQ.USD, 813516

U.S. markets return in a celebratory mood, with the Dow crossing 53,000 and the Nasdaq rising amid a chip rebound.

Cattle Closes Mixed on Monday

Live cattle futures were mixed, with August down 12 cents and the rest of the board up 12 to 55 cents. Cash was picked up last week at $403 dressed in the north, with live trade at $255-256. Southern trade was $255. Feeder cattle futures were down 12 to 77...

Hogs See Mixed Action on Monday

Lean hog futures were mixed on Monday, with contracts down 50 cents to 90 cents higher at the close. USDA’s national base hog price was not reported on Monday afternoon due to thin trade. The CME Lean Hog Index was back up 19 cents on July 1 at $91.67. CFTC...

Wheat Posts Double Digit Monday Gains

The wheat complex posted Monday gains, despite a weaker export data. Spillover support from the corn and beans was supportive. Chicago SRW contracts were 11 3/4 to 15 1/2 cents higher on Monday. KC HRW futures were up 7 ½ to 12 ¾ cents at the close. MPLS spring wheat...

Soybeans Rally Out of the Holiday, with Chinese Rumors

Soybeans posted gains of 35 to 50 ½ cents across the front months on Monday, with defereds up 23 to 32 cents. The cmdtyView national average Cash Bean price was up 47 1/4 cents at $11.36 3/4. Soymeal futures were $5.10 to $9.10 higher across most contracts, with Soy Oil...

Corn Rallies on Monday

Corn futures closed the Monday session holding onto the rally and closing near the highs, up 14 ½ to 16 ¼ cents across the front months and 8 to 10 ½ cents higher in the deferreds. The CmdtyView national average Cash Corn price was 15 cents higher at $4.08 3/4....

World Cup in photos: Balogun controversy looms over U.S.-Belgium match, Ronaldo bows out

The U.S. heads into its Round-of-16 World Cup match against Belgium with focus on Folarin Balogun after FIFA suspended his one-match red-card ban.

Cotton Posts Monday Gains, as Ratings Slip

Cotton futures posted 112 to 138 point gains on Monday in the front months, with deferreds up 48 to 99 points. The outside markets were quiet, as Crude oil was down 9 cents, with the US dollar index up $0.004. Monday afternoon’s Crop Progress showed 49% of the US cotton...