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Wheat harvest beginning in Oklahoma, best crop in years seen

The Oklahoma Grain and Feed Association has estimated that this year's crop will yield 130.6 million bushels, which would be up from the 98.8 million in 2015 and the dismal 47.6 million in drought-stricken 2014, which was the lowest total since 1957, when 43 million bushels were harvested. "There's a lot of grain around, and I just encourage farmers to think...

Source: The Associated Press

UPDATE 1-Russian Energy Minister Novak says too early to write off OPEC

*OPEC will live through internal differences- Novak. OPEC to meet in Vienna next week. MOSCOW, May 29- Russian Energy Minister Alexander Novak believes that it is too early to write off OPEC despite internal differences within the group, he said on the ministry's Twitter feed, days before the organization meets to discuss its production policy.

Source: Reuters

Facebook wants your News Feed to get more personal; here’s why

The News Feed is the first thing you see when you open the Facebook app and the social networking company wants it to get a lot more personal.

Source: CNBC.com

BULLARD SAYS CONTINUE TO WORRY LOW RATES COULD FEED ASSET BUBBLES IN U.S

BULLARD SAYS CONTINUE TO WORRY LOW RATES COULD FEED ASSET BUBBLES IN U.S.

Source: Reuters

Corn glut in China set to pressure U.S. wheat market

China announced two months ago that it planned to scrap its corn stockpiling system, which had left it with the biggest corn supplies in the world, put premiums on domestic prices and brought a flood of corn and alternative feed imports. Total sorghum stocks as of March 1 was at the highest in nearly two decades, USDA data shows, as demand fell off a cliff.

Source: Reuters

2 Spanish factory workers die after inhaling toxic fumes

MADRID— An official says two workers in southern Spain have died after inhaling toxic fumes after falling into a tank at an animal feed factory. A spokesman for Andalusia's regional emergency service said one worker fell into the tank after the ladder he was on broke. The incident happened Monday at the Render Grasas factory outside the town of Salteras, close to...

Source: The Associated Press

Fed's Bullard: interest rates too low for too long could be risky

Louis Federal Reserve President James Bullard said on Monday that keeping U.S. interest rates too low for too long could feed into future financial instability, although financial instability is not a big concern now. The U.S. central bank will make a decision on rates at its policy meeting based on data available, Bullard told reporters in Beijing.

Source: Reuters

The power of Instagram: Brands eye more social media influencers

Forget models in magazines. More consumers are buying goods and services based on what they see in their Instagram feed, recent trends suggest.

Source: CNBC.com

GRAINS-Soymeal soars on Argentina crop woes, short covering

*Argentina soy crop suffers from excessive rains. CHICAGO, May 20- U.S. soybean meal futures climbed to 18- month highs on Friday as short-covering and concerns about tightening exports from Argentina, the top shipper of the livestock feed, helped to fuel gains. "It's no doubt a meal-led rally," said Don Roose, president of Iowa broker U.S. Commodities.

Source: Reuters

GRAINS-Soymeal climbs on concerns about Argentine exports

CHICAGO, May 20- U.S. soybean meal futures climbed to their highest prices in 18 months on Friday as concerns about tightening exports from Argentina, the top shipper of the livestock feed, helped to fuel gains. "We've got ideas and reports that Argentina is not offering as much meal as they should," said Rich Nelson, chief strategist for Illinois brokerage Allendale.

Source: Reuters