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Business Recorder
3 days ago
- Business
- Business Recorder
Wheat up 2-3 cents, corn down 1-up 1, soy down 1-2
CHICAGO: The following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CDT (1330 GMT) on Wednesday. Wheat - Up 2 to 3 cents per bushel CBOT wheat was buoyed by a slower than average U.S. winter wheat harvest, which reached 10% completion compared with a five-year average of 16%. Farm office FranceAgriMer has increased its forecast for French soft wheat exports within and outside the European Union in 2024/25, but the EU's biggest grain producer is still on course for its worst wheat export campaign this century after a rain-hit harvest. One of Russia's largest grain-producing regions, Krasnodar, has declared a state of agricultural emergency in eight drought-hit municipalities. CBOT July soft red winter wheat was last 3 cents to $5.52 per bushel. K.C. July hard red winter wheat was last up 3-3/4 cents at $5.51-1/2 per bushel, and Minneapolis July spring wheat rose 4-1/2 cents to $6.35-1/2 per bushel. Jordan gets 6 participants in 120,000 tons wheat tender Corn - Down 1 cent to up 1 cent per bushel CBOT corn traded on both sides unchanged, though it received some support from uncertainty over crop weather in the U.S. Midwest. CBOT July corn fell 1/2 cent to $4.31 per bushel. Soybeans - Down 1 to 2 cents per bushel CBOT soybeans eased on Wednesday as traders booked profits after a three-day price rally driven by strength in soyoil and the broader energy market, with continuing tariff uncertainty also pressuring prices. Support for agricultural commodities such as soybeans and corn has been underpinned by rising energy prices, fueled by escalating tensions between Israel and Iran. Higher crude oil prices improve the competitiveness of soyoil and corn as biofuel feedstocks. July soybeans were last down 1-3/4 cents to $10.72-1/4 per bushel.
The Hill
5 days ago
- Politics
- The Hill
What we know about Vance Boelter, the suspect in the Minnesota lawmaker shootings
The man accused of shooting two Democratic lawmakers and their spouses over the weekend will be charged with a slate of federal crimes, including stalking, murder and shooting, prosecutors announced at a news conference Monday. Vance Boelter was taken into custody Sunday night following the largest manhunt in Minnesota's history. Authorities tracked him down in a field near his home after spotting his abandoned car and cowboy hat. He will appear in federal court at 1:30 p.m. CDT. Authorities revealed new details during a Monday press conference of how Boelter 'stalked his victims like prey,' researching his victims' families and surveilling their homes. 'It is no exaggeration to say this is the stuff of nightmares,' said Joseph Thompson, the acting U.S. attorney for the District of Minnesota. Boelter is accused of killing state Rep. Melissa Hortman (D) and her husband Mark Hortman, as well as shooting state Sen. John Hoffman (D) and his wife Yvette Hoffman. John and Yvette Hoffman were hospitalized and are expected to recover. 'Look, this is a political assassination, which is not a word we use in the United States,' Thompson said. Authorities found a notebook with the names of more than 45 elected officials in a search of Boelter's car. Thompson said the suspect had traveled to the homes of more Minnesota state politicians — four — than previously known. He was disguised as a police officer, wearing a tactical vest and driving a black SUV with emergency lights. Boelter first went to the home of Hoffman, a Democratic state senator living in Champlin, Minn., and knocked on his door, shouting 'This is the police,' Thompson said. When Hoffman and his wife came to the door, Boelter apparently said there had been a shooting reported in the house and asked if Hoffman had any weapons inside. When Hoffman and his wife realized that Boelter was not a police officer, Boelter allegedly announced that he was robbing the house and forced his way inside. He then shot both Hoffman and his wife, Thompson said, and fled. The Hoffmans' daughter called 911. Boelter then traveled to an unidentified state representative's home in nearby Maple Grove, Minn. and rang the doorbell, but the representative and her family were away on vacation. He then proceeded to a state senator's house in New Hope, Minn., a short drive away. There, he had a brief encounter with a local police officer who had been dispatched to do a wellness check on the senator after hearing of Hoffman's shooting. When the officer saw Boelter's SUV parked on the street, she pulled up next to him and attempted to speak with him. 'According to the officer, he just sat there and stared straight ahead,' Thompson said. The officer proceeded to the state senator's home, and by the time other law enforcement had arrived, Boelter was gone. At about 3:30 a.m. — nearly 90 minutes after he first appeared at Hoffman's home — Boelter arrived at Hortman's residence, Thompson said, and parked in the driveway with his emergency lights on. Around the same time, officers from the Brooklyn Park Police Department arrived to do a wellness check on Hortman. When they got out of the car, Boelter began exchanging gunfire with them, Thompson said. He then rushed into the house, and escaped out the back door. Hortman and her husband Mark were both killed, but the timing of their shootings was unclear. Boelter was at large for nearly two straight days before he was apprehended late Sunday night. While Thompson said the killings were political violence, he said he had not seen a 'Unabomber-style manifesto' that might have leant clues to a more specific ideological motivation. Thompson declined to say during the press conference whether he would seek the death penalty, but also did not rule it out. 'It's too early to tell, but that is one of the options for several of the charges,' he said. According to federal charging documents, Boelter bought law enforcement-like equipment, including a tactical rifle case and two types of ammunition, days in advance. Authorities also found extensive notebooks with planning and notes in his home and car. Boelter previously worked for a local security company and claimed an extensive security resume in several countries, including Eastern Europe, Africa and parts of the Middle East. In addition to the federal charges, Boelter is also facing second-degree murder charges on the state level. Hennepin County prosecutors have said they will seek first-degree state charges, which require a grand jury indictment. His court appearance for the state charges is scheduled at 1:30 p.m. local time in Minneapolis, the same time as his federal appearance in St. Paul. Boelter is expected to attend the latter.
Hindustan Times
6 days ago
- Hindustan Times
Greater Noida: 2 rescued, five arrested in kidnapping-cum-extortion racket
Greater Noida police rescue two, arrest 5 in kidnapping-cum-extortion racket GREATER NOIDA: Greater Noida's Surajpur police, in a joint operation with CRT (crisis response team), surveillance and CDT (cyber detection team), rescued two kidnapping victims — Chandra Pal Yadav, 65 and his driver Sachin, 27 and arrested five suspects in a midnight rescue on June 12, said police on Sunday. The suspects were identified as Rohit, 24, Pradeep Malik, 36, Sachin, 28, Ashish, 24, and Rahul, 23—all from Sonipat, Haryana. 'A joint team of Surajpur Police, CRT, and surveillance successfully rescued two kidnapping victims and arrested five suspects from Sonipat, Haryana. The suspects were involved in a conspiracy to cheat and extort businessmen by offering large loans and then threatening and abducting them for more money. We have recovered two vehicles, cash, mobile phones, and other documents from their possession', said DCP Central Noida, Shakti Mohan Awasthi. The conspiracy traces back to September 2024, when Prevendra and Suresh Dalal, allegedly the kingpins of this conspiracy, provided a ₹3 crore bank transfer to Chandra Pal's company, Pawan Energy India Pvt Ltd, in Sector 135, Noida. Chandra Pal and his sons were forced to pay back ₹3.17 crore, but the suspects demanded an additional ₹3 crore, threatening him with violence and kidnapping if their demands were not met, said police. On the night of June 12, 2025, the suspects abducted Chandra Pal and his driver Sachin at gunpoint from Unitac Horizon, Pi-II, Greater Noida. They assaulted and abused the two, forced them into Chandra Pal's Toyota Fortuner and a Kia Sonet, and drove them away to Sonipat, where Chandra Pal and Sachin were kept hostage and physically assaulted to extract more money. Later, the suspects were taking the two back to Greater Noida in the same vehicles when Surajpur police, acting on a tip-off, intercepted and rescued Chandra Pal and Sachin safely and made the arrests on the spot. During the search, police recovered ₹75,000, two cars, one Samsung watch, three mobile phones, eight debit cards, one laptop with charger, two cheque books, two country-made pistols (.315 bore) with four live cartridges and other documents including PAN, Aadhar and IDs, said police. 'A case has been registered at Surajpur police station under sections 140(1) Kidnapping or abducting in order to murder or for ransom, 115(2) voluntarily causing hurt, 352 intentional insult, 351(3) Criminal Intimidation, 61(2) criminal conspiracy, 308 Extortion, 309(4) robbery, and 317(2) stolen property of Bharatiya Nyaya Sanhita and Section 3/25 of Arms Act. Our investigations are ongoing, and we are making all efforts to arrest the remaining suspects who are currently absconding', added DCP Awasthi. According to police, the suspects have education ranging from BA, and BBA. An investigation is currently underway and efforts are being made to arrest Prevendra and Dalal, said police.
Business Recorder
7 days ago
- Business
- Business Recorder
Soybeans climb, soyoil soars daily limit on US biofuel proposal
CHICAGO: US soyoil futures surged their daily limit on Friday and soybeans hit a three-week high after the Trump administration proposed biofuel blending requirements that were above trade expectations, analysts said. Chicago Board of Trade corn futures followed soybeans higher and CBOT wheat rose about 2% on bargain-buying after falling to a four-week low in early moves. As of 10:54 a.m. CDT (1554 GMT), CBOT July soyoil was up 3 cents, its maximum daily limit, at 50.61 cents per pound, while July soybeans were up 25-3/4 cents at $10.68 per bushel. CBOT July corn was up 3-3/4 cents at $4.42-1/4 a bushel and July wheat was up 15-1/2 cents at $5.42 a bushel. Soyoil, a key feedstock for biodiesel fuel, rocketed higher after the US Environmental Protection Agency proposed to increase the amount of biofuels that oil refiners must blend into the nation's fuel mix over the next two years. 'Just coming in with these volumes ... is extremely positive for our domestic (soybean) crush demand for 2026 and '27. It's a big deal,' said Terry Linn, analyst with Chicago-based Linn & Associates. The EPA's move, which also included measures to discourage biofuel imports, was welcomed by the biofuels industry, which had been lobbying on the issue for months. A jump in crude oil prices after Israel conducted strikes on Iran lent early support to commodities. 'Obviously the attack on Iran was the number-one news item, but the EPA release is the big item now. It has kind of taken over,' Linn said. Wheat rose to recover from an earlier four-week low, bucking pressure from the start of the Northern Hemisphere winter wheat harvest. Commodity funds hold a sizable net short position in CBOT wheat futures, leaving the market vulnerable to short-covering bounces.
Yahoo
13-06-2025
- Politics
- Yahoo
Abrego Garcia due in US court on migrant smuggling charges after wrongful deportation
By Luc Cohen NASHVILLE, Tennessee (Reuters) -Kilmar Abrego Garcia, the migrant returned to the U.S. last week after being wrongfully deported to his native El Salvador, is due in court on Friday to enter a plea to criminal charges of taking part in a conspiracy to smuggle migrants into the United States. President Donald Trump's administration has portrayed the indictment of Abrego Garcia, 29, as vindication of its aggressive crackdown on illegal immigration. Before Abrego Garcia's indictment was unsealed on June 5, officials alleged he was a member of the MS-13 gang and said they would not bring him back. The Justice Department's decision to return him to the U.S. to face criminal charges is a potential off-ramp for Trump's administration from its escalating confrontation with the judiciary over whether it complied with a court order to facilitate Abrego Garcia's return. The Republican president's critics say his swift removal without a hearing showed the administration prioritized increased deportations over due process, the bedrock principle that people in the U.S., whether citizens or not, can contest governmental actions against them in the courts. The criminal proceeding will provide Abrego Garcia with due process by giving him the right to contest the charges contained in a grand jury indictment returned in secret on May 21. Still, his lawyers say his return to face criminal charges does not absolve the Trump administration of responsibility for wrongfully deporting him. Abrego Garcia's hearing on the criminal charges is scheduled to begin at 10 a.m. CDT (1500 GMT) before U.S. Magistrate Judge Barbara Holmes in Nashville, Tennessee. In addition to entering his plea, Abrego Garcia is expected to contest a bid by federal prosecutors to have him detained pending trial. In the indictment, Abrego Garcia was charged with working with at least five co-conspirators as part of a smuggling ring to bring immigrants to the United States illegally, then transport them from the U.S.-Mexico border to destinations across the country. Abrego Garcia often picked up migrants in Houston, making more than 100 trips between Texas and Maryland between 2016 and 2025, the indictment alleges. Abrego Garcia is also accused of transporting firearms and drugs. 'ADMINISTRATIVE ERROR' Prosecutors say Abrego Garcia, a Maryland resident whose wife and young child are U.S. citizens, could face 10 years in prison for each migrant he smuggled. That means he could spend the rest of his life in prison if convicted, according to prosecutors. They are urging he be detained, saying the potentially hefty sentence means he may try to flee. They also say detention is warranted because he allegedly murdered a rival gang member's mother in El Salvador and solicited child pornography, though those accusations are not part of his indictment. Abrego Garcia's lawyers have called the charges "fantastical" and deny that he is a flight risk. Abrego Garcia was deported on March 15 to El Salvador, despite a 2019 immigration court ruling that he not be sent there because he could be persecuted by gangs. Officials called his removal an "administrative error." In a separate civil case, Greenbelt, Maryland-based U.S. District Judge Paula Xinis is investigating whether the Trump administration violated her order to facilitate Abrego Garcia's return from El Salvador. The U.S. Supreme Court unanimously upheld that order. Abrego Garcia's lawyers are urging Xinis to hold administration officials in contempt and impose fines for stonewalling their requests for information about the steps the administration took to facilitate his return. The Trump administration says Xinis should drop her probe because it complied with her order by deciding to bring Abrego Garcia back to face criminal charges. His lawyers disagree and say that for the administration to be in compliance, his immigration case must be handled as it would have been had he not been deported.
