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Risk appetite was brisk on Wall Street on Tuesday as investors purchased stocks ahead of Wednesday's FOMC statement. The Fed is expected to provide clarity on when it may begin tapering its current $85 billion per month bond buying program.Although there is uncertainty, the market seems to be pricing in the likelihood that the Fed will continue its dovish monetary policy for the foreseeable future in order to keep interest rates down and stimulate the economy.Ahead of Wednesday's Fed commentary, the Dow rose triple digits for the second day in a row and both the S&P and Nasdaq also posted strong gains.Major AveragesThe Dow Jones Industrial Average rose 138 points, or 0.91 percent, to 15,318.The S&P 500 climbed 13 points, or 0.78 percent, to 1,652.The Nasdaq rose 30 points, or 0.87 percent, to 3,482.CPIConsumer prices rose 0.1 percent for the month of May. This was the first increase in CPI since February and compares to a decline of 0.4 percent in April. The consensus expected CPI to r...
CME Group Inc. (CME), parent of the Chicago Board of Trade, on Thursday declared force majeure at all corn and soybean shipping stations on the Illinois River as flo...
CME Group Inc. (CME) listed for sale the building that houses the Kansas City Board of Trade, the specialist wheat market acquired by CME last fall.Colliers Internat...
FBN’s Jeff Flock reports from Chicago, where he says that the city is tightening security after yesterday’s Boston Marathon bombings.
U.S. cash corn basis levels in central Illinois strengthen in the midst of a two-day plunge in corn futures, as farmers slow their sales of corn due to falling price...
Investment bank Goldman Sachs (NYSE:GS) said it lowered its price forecasts for corn, soybeans and wheat, citing larger-than-expected U.S. March 1 grain stocks data ...
A surprise pick-up in U.S. jobs growth has boosted the chances of the Federal Reserve raising interest rates sooner than had been expected, but it is likely to take ...
London is about to cement its place as the capital of oil trading, knocking New York off the perch for the first time.That spells trouble for a company in Chicago, a...
The top executive of CME Group Inc. (CME) said that the futures exchange group would entertain a big, international transaction if it brought benefits to CME's custo...
The U.S. stock market fell for the second day on Thursday after a report on Wednesday showed that the U.S. economy contracted in the fourth-quarter. Investors are pr...
Corn futures rallied Monday, extending their gains from Friday when the U.S. Department of Agriculture issued its annual crop production report. The USDA had said th...
Volatility remains low on Wall Street after the fiscal cliff saga was resolved at the beginning of the year. The long-term uptrend for equities remains intact and in...
Duncan Niederauer, the chief executive of New York Stock Exchange operator NYSE Euronext, once boldly proclaimed that his company could not be acquired.Last year, ev...
The European Commission asked EU member states on Thursday to check imports of U.S. soft white wheat that may be tainted with a genetically modified strain made by M...
CME Group Inc said on Wednesday it had hired firms to explore the sale of the New York Mercantile Exchange building, home to its energy trading floor.CME, the larges...
TOP STORIES Alberta Seeding Aided By Warmer Temperatures, But Still BehindWINNIPEG--Warmer conditions in Alberta have advanced the seeding process the past two weeks...
CME Group Inc. (CME), the world's largest futures market operator, said Monday that it would launch over-the-counter calendar palm oil swaps, subject to regulatory c...
The U.S. stock market was little changed on Monday in a light volume, slow news day.The Dow Jones Industrial Average recorded a small loss, while the Nasdaq and S&P ...
Traders of short-term interest rate futures continue to expect the Federal Reserve to continue to hold rates near zero for better than two more years, after the U.S....
TOP STORIES: U.S. Corn Plantings Lag Further Behind Average PaceCHICAGO--The U.S. corn planting pace progressed only slightly in the previous week, as weather condit...
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