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Sen. Bernie Sanders and Senate Democrats cited advances in artificial intelligence and automation Thursday as they argued for a new bill that would mandate a 32-hour federal workweek. "The sad reality is Americans now work more hours than the people of any other wealthy nation," the Vermont independent later said. The bill introduced by the committee chair Sanders and Sen. Laphonza Butler, D-Calif., would gradually reduce the standard workweek from 40 hours to 32 hours over four years. Sanders and Democrats at Thursday's hearing said that reducing the workweek would allow people to spend more time with family and on hobbies. "This would be napalm upon the fire of inflation," said Sen. Bill Cassidy of Louisiana, and the ranking Republican on the Health, Education, Labor and Pensions Committee.
Persons: Bernie Sanders, Sen, Bill Cassidy, Sanders, Laphonza Butler, Mark Takano, Jamie Dimon, Bill Gates, Chris Murphy, Conn, Bill Cassidy of, Mike Braun, Juliet Schor, Schor, Jon Leland, Leland, Liberty Vittert, Vitter, Vittert, St . Louis, Cassidy, They're Organizations: Health, Education, Labor, Pensions, Employers, Representatives, JPMorgan, Microsoft, Republican, Boston College, Washington University Locations: Dirksen, Washington , DC, Vermont, D, Bill Cassidy of Louisiana, Indiana, St .
The Houston-based company's uncrewed Odysseus lander was almost lost to one of the tiniest possible mistakes. The view from the Intuitive Machines Odysseus lander as it descended to its landing site. Intuitive MachinesWith less than two hours to go before landing, Intuitive Machines engineers frantically whipped up a new navigation system. Indeed, several robotic moon landing attempts have crashed or otherwise malfunctioned in the last few years. Similarly, Intuitive Machines' success on Thursday shows that small errors don't necessarily have to spell the end of a mission.
Persons: Steve Altemus, Trent Martin, Odysseus, Astrobotic —, Peregrine, Astrobotic Astrobotic, Astrobotic, Vikram, SpaceNews, Robert Braun, Kailasavadivoo Sivan, ispace, NASA's, Braun, Japan's Smart Lander, SLIM, LEV, Takara Tomy Organizations: US, Business, NASA, Reconnaissance, Goddard, Arizona State University, Johns Hopkins Applied Physics Laboratory, NASA's Goddard Space Flight, freefall, JAXA, Takara, Sony Group Corporation, Doshisha Locations: India, Japan, Houston
A serendipitous moment, a NASA experiment, and frantic, innovative software engineering rescued the company's Odysseus lander from what could have been a catastrophic error — a switch that didn't get flipped before launch. NASA TVIt was a "spicy" landing, Altemus said. AdvertisementThe Houston-based company flew Odysseus, which is its Nova-C-model lander, to the moon on a $118 million NASA contract. Its success marks the first commercial moon landing ever and NASA's first return to the lunar surface since 1972. It was risky — the NASA lasers were on the lander to test whether they worked in space at all — but it was better than nothing.
Persons: , Steve Altemus, Altemus, Odysseus, Frankenstein, Robert Braun, Tim Crain, Crain, Braun Organizations: Service, NASA, Business, Johns Hopkins Applied Physics Laboratory Locations: Mars
Usher said he had a "bidding war" with Justin Timberlake to sign Justin Bieber. AdvertisementUsher and Justin Timberlake got into a "bidding war" while trying to sign a then-unknown Justin Bieber. "We built a friendship, but this would obviously create a partnership that would span us forever, and it was a bit of a bidding war between me and Justin Timberlake," Usher said. Scooter Braun, Justin Bieber, and Usher in 2013. Steve Granitz/Getty ImagesDuring his conversation with People, Usher continued that he wanted to sign Bieber because "there can only be one Justin."
Persons: Usher, Justin Timberlake, Justin Bieber, Scooter, Scooter Braun, Bieber, , Jason Merritt, Braun, Steve Granitz, Justin, Raymond Braun, Beiber, Howard Stern, Stern, we've, Ramsay Hunt, It's Organizations: Service, People Magazine, Bowl, Raymond Braun Media Group, Super Bowl Locations: Idaho
BELLINGHAM, Wash. (AP) — Evelyn Jefferson walks deep into a forest dotted with the tents of unhoused Lummi Nation tribal members and calls out names. “It took us eight days to bury him because we had to wait in line, because there were so many funerals in front of his,” said Jefferson, crisis outreach supervisor for Lummi Nation. Against the backdrop, tribes such as the Lummi Nation, about 100 miles (161 kilometers) north of Seattle, say the proposed funding — while appreciated — would barely scratch the surface. In September, Lummi Nation declared a state of emergency over fentanyl, adding drug-sniffing dogs and checkpoints, while revoking bail for drug-related charges. But truly thwarting this crisis must go beyond just Lummi Nation working on its own, said Nickolaus Lewis, Lummi councilmember.
Persons: — Evelyn Jefferson, , Jefferson, Anthony Hillaire, Hillaire, We’re, Sen, John Braun, we’re, Jesse Davis, Nickolaus Lewis, Lummi, Jay Inslee, Joe Biden, van, It’s, somebody’s, , ” Jefferson Organizations: Lummi, Alaska Natives, Disease Control, Senate, Republican, Washington State Department of Health, Washington Gov Locations: BELLINGHAM, Wash, Lummi, Jefferson, Washington, U.S, Seattle, Alaska, Bellingham, Bellingham , Jefferson
Rust is seeking to run against U.S. Rep. Jim Banks for the seat being vacated by U.S. Sen. Mike Braun. The county’s Republican Party chair said in a July meeting with Rust that she would not certify him, according to the lawsuit. Rust filed a lawsuit in September against Secretary of State Diego Morales, the Indiana Election Commission and Jackson County Republican Party Chair Amanda Lowery challenging the law. Rust officially filed with the office Feb. 5 to run as a Republican, according to state records. Should he prevail in his quest to get on the primary ballot, Rust faces an uphill challenge for the nomination.
Persons: John Rust, Rust, Jim Banks, Sen, Mike Braun, “ I’ve, ” Michelle Harter, ” Harter, Banks, State Diego Morales, Amanda Lowery, Donald Trump Organizations: INDIANAPOLIS, The Indiana Supreme, Republican, GOP, Marion Superior, U.S . Rep, U.S, US, Indianapolis Star, State, Jackson County Republican, Senate Locations: U.S, Marion, Indianapolis, Marion County, Acre, Jackson County, Indiana, Jackson
Swift's fans reacted by buying Beyoncé's new single, "TEXAS HOLD 'EM." AdvertisementYe, formally known as Kanye West, is feuding with Taylor Swift's fans after he shared a post claiming he was Spotify's global top artist. "WHEN I SAID THAT I'M THE NEW JESUS BITCH I WASN'T EVEN THINKING ABOUT TAYLOR SWIFT. "ALSO, I'M SURE I'VE BEEN FAR MORE HELPFUL TO TAYLOR SWIFT'S CAREER THAN HARMFUL. TO ALL TAYLOR SWIFT FANS I AM NOT YOUR ENEMY UUUM IM NOT YOUR FRIEND EITHER THOUGH LOL," Ye added.
Persons: Ye, Taylor Swift, , Taylor Swift's, Swift, Taylor, Swifties, TAYLOR SWIFT, Kim Kardashian, Scooter Braun, WE, TAYLOR, SWIFT, Tree Paine, Kardashian, Brandon Marshall's, Bianca Censori, Marshall, Brandon Marshall, Kanye Organizations: Service, Spotify, NFL, Kanye West Locations: TEXAS, Ye's, ife, IFE
Kloss confirmed that she and Swift are still close in 2019, but some fans aren't convinced. Karlie Kloss is the host of "Project Runway." ANDREW KELLY/ReutersOver the years, the tabloids liked to speculate that the two had a falling out, but in a 2019 interview with Time magazine, Kloss confirmed she is still friends with Swift. Fans have also recently theorized that Swift's song "It's Time to Go" is about the model. The model was spotted in the stands at Swift's Eras Tour in LA.
Persons: Kloss, Swift, aren't, Karlie Kloss, ANDREW KELLY, Scooter Braun, Joshua Kushner Organizations: Reuters, Time Locations: LA
Republican U.S. Rep. Victoria Spartz announced Monday that she intends to seek reelection for Indiana's 5th Congressional District, reversing an announcement a year ago that she would forgo another run. Last February, Spartz said she wanted to spend more time with her family and would not be running in 2024. But the two-term congresswoman now says she doesn't want her work in the Capitol to end in January. In January, Republicans U.S. Rep. Larry Bucshon of Indiana and U.S. Rep. Greg Pence, brother of former Vice President Mike Pence, both announced their decision to forgo reelection in 2024. U.S. Rep. Jim Banks is running for Indiana's U.S. Senate seat vacated by GOP Sen. Mike Braun, who is running for Indiana governor.
Persons: Victoria Spartz, Indiana's, Spartz, ” Spartz, Larry Bucshon, Greg Pence, Mike Pence, Jim Banks, GOP Sen, Mike Braun Organizations: Republican U.S . Rep, Congressional, Washington , D.C, Hoosiers, Republicans, Republicans U.S . Rep, U.S . Rep, Indiana's U.S, Senate, GOP, Indiana Locations: Washington ,, Republic, Indiana
Taylor Swift was nominated for six awards at the 2024 Grammy Awards. AdvertisementTaylor Swift attended the 2024 Grammy Awards wearing a white corset-style gown by Schiaparelli and black accessories. Here are all the hidden details in Taylor Swift's 2024 Grammys look. Swift's watch necklace was set to midnight in honor of her Grammy-nominated albumTaylor Swift attends the 2024 Grammy Awards. The outfit could be a nod to the black-and-white cover of her 2017 album, "Reputation," which she has not yet rereleased.
Persons: Taylor Swift, , Taylor Swift's, ROBYN BECK, Taylor, Swift, Tree Paine, It's, Jeff Kravitz, Scooter Braun, she's Organizations: Service, Getty, E, Machine, Machine Records Locations: AFP
Gray Television is teaming up with other TV stations to launch a free, local-news streamer, and running Super Bowl ads starring John Stamos to get the word out. Perry's pitch to local stations is that Zeam removes the tech and ad barriers from the process of adapting to streaming. "It's a whole new way for stations to interact with their viewers and reach viewers in other markets," Perry said. At the same time, local TV ad revenue is shifting online. Digital is set to account for 10% of the $23.8 billion local TV ad pie in 2024, or $2.1 billion, per BIA Advisory Services .
Persons: John Stamos, Gray, Jack Perry, Zeam, what's, Perry, Kagan, Andrew Heyward, Syncbak, Perry wouldn't, Mike Braun, there's Organizations: Gray Television, National Association of Broadcasters, CBS, Hearst, Business, Services, CBS News, Netflix, VUit, Super Bowl, Google, Super, Sunday, Amazon, Apple Locations: Gray, Syncbak
INDIANAPOLIS (AP) — In a state as solidly Republican as Indiana, the May primary is the real competition. Indiana’s primary is May 7. “In Indiana, we are not used to seeing competitive primaries,” said Gregory Shufeldt, a professor of political science at the University of Indianapolis. However, Hill ended the year millions of dollars behind the competition, reporting about $123,000 in cash on hand. Both have led the Indiana Economic Development Corporation, a quasi-governmental agency, and have focused their campaigning on Indiana’s economic future.
Persons: Eric Holcomb, , Gregory Shufeldt, Shufeldt, Sen, Mike Braun's, Jim Banks, Donald Trump, Braun, Gov, Suzanne Crouch, Holcomb, Crouch, “ It’s, Curtis Hill, Hill, Mitchell Daniels, Mike Pence, Brad Chambers, Eric Doden, Doden’s, Chambers, Doden, Laura Wilson, Jennifer McCormick, McCormick, Donald Rainwater, Jamie Reitenour, Wilson, ” Wilson Organizations: INDIANAPOLIS, Republican, GOP, University of Indianapolis, U.S, Trump, Indiana Supreme, Gov, Indiana Economic Development Corporation, Democratic, Locations: Indiana, “ In Indiana, University of Indianapolis . Indiana
WARSAW (Reuters) - Poland's parliament has voted to remove the immunity from prosecution of a lawmaker who used a fire extinguisher to put out Jewish Hanukkah candles in the country's parliament in December, an incident that caused international outrage. The vote opens the way for prosecutors to press charges against Grzegorz Braun from the far-right Confederation party for seven acts committed during 2022 and 2023, including the incident involving the candles. The largest opposition party, the nationalist law and Justice (PiS), also voted in favour of removing Braun's immunity. After extinguishing the candles in the parliament on Dec. 12, Braun took to the podium where he described Hanukkah as "satanic" and said he was restoring "normality". Asked later if he was ashamed of his action, he said: "Those who take part in acts of satanic worship should be ashamed."
Persons: Grzegorz Braun, Agnieszka Pomaska, Mariusz Dubowski, Braun, Alan Charlish, Gareth Jones Organizations: Civic Coalition, Warsaw, European Union Locations: WARSAW, Ukraine
Around 500 Congress members and government officials attended to watch Joe perform with artists Jelly Roll and Wyclef Jean, according to the artist's rep. You know, I'm an open book. Jelly Roll, Fat Joe, and Wyclef Jean. Power to the Patients/Shareif ZiyadatWhat made Jelly Roll and Wyclef Jean the right folk to link with on this particular event? AdvertisementAnd this year, you know, I'm a huge fan of Jelly Roll.
Persons: Joe, Hakeem Jeffries, Frank Pallone, Sen, Mike Braun, Jelly Roll, Wyclef Jean, Power, Chuck D, Busta, Rick Ross, who's, Kevin Morra, He's, we've, Cynthia Fisher, Uber, I'm, Brown, I've, Wycelf Jean, Wyclef Jean . Power, Roll, they've, Wyclef, Donald Trump, it's Organizations: Power, Capitol, Democratic, Hamilton, Price, Joe, MTV, Healthcare, Republican, American Express Locations: Washington , DC, America, There's, Washington, Kentucky, French Montana, Haiti
“The Bear” had a bearish night indeed, fully dominating the comedy category in its first season, winning the top prize and three acting awards. And the chaotic, darkly humorous “Beef” was the other big victor, winning best limited series, with leads Steven Yeun and Ali Wong becoming the first Asian Americans to win in their categories. Oliver tried to test the new system after winning best scripted variety show: “I’m not leaving without being played off by Anthony Anderson’s mom. You said maybe, if I win!”A BIG BEAR HUG, ER, KISSCould “The Bear” replicate its success from the Golden Globes? Yes, chef, with Jeremy Allen White and Ayo Edebiri winning for best actor and best supporting actress in a comedy, and Ebon Moss-Bachrach winning a supporting actor award.
Persons: Cousin Greg, , Roy, Steven Yeun, Ali Wong, Quinta Brunson, “ Abbott, ” “, Ally McBeal ”, Natasha Lyonne, Tracee Ellis Ross, Lucy ”, John Oliver beseeching, Sarah Snook, Kieran Culkin, Anthony Anderson, Mom Doris, . Anderson, Jo Koy, Anderson wasn’t, Anderson, Mister Rogers, ” Anderson, Jesus, Doris Bowman, Bowman, , Jennifer Coolidge, Oliver, Anthony Anderson’s, Bracco, Michael Imperioli, “ Ally McBeal ”, Ellen Pompeo, Katherine Heigl, Chandra Wilson, Sandra Oh, , Ted Danson, Kelsey Grammer, Rhea Perlman, John Ratzenberger, George Wendt, Norm, Rob Reiner, Sally Struthers, “ Martin ”, Matthew Macfadyen, Wamsbgans, Snook, ” Nicholas Braun, ” Snook, Shiv Roy, ” Kieran Culkin, Jeremy Allen White, Ayo Edebiri, Ebon Moss, Bachrach, Moss, Matty Matheson, Matheson, BURNETT, Carol Burnett, Christina Applegate, Burnett, ” Applegate, Brunson, Abbott, Isabel Sanford, Norman, , Martin Luther King Jr, Edebiri, Niecy Nash, Betts, “ Dahmer, Jeffrey Dahmer, Nash, “ I’m, Glenda Cleveland, Sandra Bland, Breonna Taylor Organizations: , Golden Globes, Liverpool football, HBO, Globes, WIN, WHO, Netflix Locations: Philadelphia
An auction house in Dallas that is usually stocked with fine art and rare baseball cards now holds a six-foot dog mascot suit last seen in Episode 1 of the HBO drama “Succession.” Audiences may recall a nauseated Cousin Greg (Nicholas Braun) putting on the costume and puking through its eyeballs. The item has been thoroughly cleansed of prop vomit, according to auction staff members, and is now among 236 lots of memorabilia from the show that are up for bidding on the Heritage Auctions website through Saturday. “Even the eyeholes are mostly clean,” said Robert Wilonsky, a spokesman for the auction house.
Persons: Greg, Nicholas Braun, , Robert Wilonsky Organizations: HBO, Heritage Locations: Dallas
NEW YORK (AP) — Someday soon, someone will be walking down the street proudly carrying a ludicrously capacious bag, bought for a ludicrously capacious price. Beginning, “My father Logan Roy was a great man,” the four cards represent the tragic failure of Roman (Kieran Culkin) to meet the moment. Tom, in his worst “human-grease-stain” way, imagined aloud what could be in the “ludicrously capacious” tote: “Flat shoes for the subway? (A group of prop sausages went for $5,250.) “The plastic ones are are actually much more durable as props," says Jacobs.
Persons: , Roy, , Logan Roy, Roman, Kieran Culkin, Robert Wilonsky, there’s, Monica Jacobs, Jacobs, Tom, Shiv Roy, Sarah Snook, Logan, Shiv, Jeremy Strong, Kendall, Bridget, Cousin Greg, Nicholas Braun, ” Jacobs, Michelle Matland “, Sandro, Organizations: Burberry tote, HBO, Heritage Auctions, New York, Express Locations: Dallas, American, New York
In the United States, California continues to have the most solar energy, followed by Texas, Florida, North Carolina, and Arizona. China was one of the few growing markets this year for wind, the Global Wind Energy Council said. Faster permitting and other improvements in key markets such as Germany and India also helped add more wind energy. The top three markets this year are still China, the United States, and Germany for wind energy produced on land, and China, the United Kingdom, and Germany for offshore. The analysts are predicting that the global industry will rebound next year and make nearly 12% more wind energy available worldwide.
Persons: Mohammed bin Rashid Al Maktoum, Joshua A, Bickel, it's, Michael Taylor, IRENA, Karim Shahi, Rafiq Maqbool, Daniel Bresette, Bresette, Abigail Ross Hopper, Wood, Wood Mackenzie, Julia Nikhinson Construction, John Hensley, Seth Wenig, Hau Dinh, Evan Hartley, Paul Braun, John Eichberger, Daan Walter Organizations: Service, International Energy Agency, Business, IEA, United Arab Emirates, Climate, AP, International Renewable Energy Agency, Arizona . Workers, Energy Limited's, Energy, Environmental, Energy Study Institute, Solar Energy Industries Association, Global Energy Monitor, Wind Energy, Clean Power, Workers, Atlas Public, Benchmark Mineral Intelligence, Benchmark, University of Illinois, Panasonic, Toyota, Health, General Motors Co, LG Energy, Transportation Energy Institute, Rocky Mountain Institute Locations: Germany, Spain, Mohammed, Dubai, United, Bickel China, Europe, United States , California, Texas , Florida, North Carolina, Arizona, Karim, Khavda, Bhuj, India, Pakistan, Gujarat, China, Wood Mackenzie, Montauk Point , New York, Asia, United States, State, New London, Conn, United Kingdom, Hai Phong, Vietnam, Kansas, Ohio
A truck lines up to be loaded with soybeans in a farm in the city of Primavera do Leste in the central Brazilian state of Mato Grosso January 29, 2013. The crop-heavy northern section of Brazil’s top soy and corn state Mato Grosso experienced the driest October-November period in at least a quarter century. October-November precipitation in North Mato Grosso BrazilMato Grosso grows about 27% of Brazil’s soybeans and accounts for almost 30% of the country’s soybean export program, the world’s largest. The delay in the 2020-21 soybean crop reduced Mato Grosso’s second corn yields since it pushed the sensitive development period back into a historically drier time frame. Mato Grosso accounts for two-thirds of all Brazilian corn shipments.
Persons: Mato, Brazil Mato, Karen Braun Organizations: Mato Grosso, Brazil’s, European, Reuters, Thomson Locations: Primavera, Mato, NAPERVILLE , Illinois, Mato Grosso, Brazil
Money managers through Nov. 28 extended their K.C. wheat net short to near 50,000 futures and options contracts, their largest since May 2019 and among their biggest-ever shorts. Grain futures sank in the week ended Nov. 28, including a 3.2% decline in CBOT March corn and a 1.8% slide in March wheat . CBOT March wheat found contract lows on Nov. 27 but touched three-week highs by Friday, presumably motivated by short covering. Funds in that week cut their net long in CBOT soybean futures and options to 67,562 contracts from 81,587 a week earlier.
Persons: Dane Rhys, Corn, Karen Braun, Chris Reese Organizations: REUTERS, Rights, Reuters, Thomson Locations: Deerfield , Ohio, U.S, Rights NAPERVILLE , Illinois, Chicago, Kansas City, Minneapolis, Brazil
Opinion: How Taylor Swift conquered capitalism
  + stars: | 2023-12-02 | by ( Opinion Jeff Yang | ) edition.cnn.com   time to read: +7 min
CNN —There’s a whole cottage industry in pop culture essay writing dedicated to trying to unpack why Taylor Swift is so successful. Singer-songwriter Taylor Swift performs onstage during Taylor Swift The 1989 World Tour Live In Los Angeles at Staples Center on August 25, 2015 in Los Angeles, California. Taylor Swift performs onstage during night one of Taylor Swift | The Eras Tour at Nissan Stadium on May 05, 2023 in Nashville, Tennessee. Already a billionaire, Swift stands to personally make as much as $4.1 billion from the “Eras” tour, according to estimates cited by the Post. Keep an eye out: “The Tao of Tay: The Swift Path to Success,” coming soon to better airport bookstores everywhere.
Persons: Jeff Yang, Bruce, , CNN —, Taylor Swift, Jeff Yang CNN, Kim Kardashian, Michael Jackson, Madonna, Britney Spears, Justin Bieber, aplomb, Swift, Ariana Grande, Tay, bestie, she’s, Celine Dion, She’s, Christopher Polk, Scooter Braun, ” It’s, Joan of Arc, John Shearer, “ Taylor Swift, Swift’s, Merrill Lynch, Organizations: CNN, Singer, Los, Staples Center, Republic Records, Universal Music Group, Universal, Washington Post, Nissan, Machine Records Locations: Asian America, America, Los Angeles, Los Angeles , California, Nashville , Tennessee, Pennsylvania, Nashville, Tay
The jury ruled last week that the egg producers used various means to limit the domestic supply of eggs to increase the price of products during the 2000s. The damages verdict was reached Friday in the Northern District of Illinois. According to federal antitrust law, the damages are automatically tripled, bringing the total to over $53 million. Court documents on the verdict were not readily available Friday evening, but statements from the manufacturers' attorney and one of the egg producers confirmed a total of about $17.7 million. Email messages sent to the United Egg Producers and United States Egg Marketers representatives were not immediately returned Friday.
Persons: , ” Brandon Fox, John Rust, Rust, General Mills, “ Rose Acre, ” “, Jim Banks, , Banks, ” Rust, Donald Trump, Republican Mike Braun Organizations: INDIANAPOLIS, , U.S, Northern District of Illinois, U.S . Senate, Kraft Foods Global, Inc, Kellogg Company, General, Nestle USA, Maine Foods, United Egg Producers, United, United States Egg, Rust ., Cal, Company, Rep, , Hoosiers, Indiana’s, State, Republican, GOP, Indiana Republican Party Locations: Illinois, Northern District, Indiana, Cal, United States, Acre, U.S, ” “ Cal
Bari Weiss realized that her news startup, the Free Press, was attracting a lot of attention with its coverage of the Israel-Hamas war when famous people started citing its work on social media. Music executive Scooter Braun shared a Free Press video about a hostage taken by Hamas. Comedian Chelsea Handler shared on Instagram Free Press’s “Voices from Gaza” video that showed a young Gazan describing Hamas as a barrier that must be removed. Cookbook author Jessica Seinfeld posted a column by Weiss about antisemitism following the start of the war, with the comment, “Bari got me straight about liberal America today.”
Persons: Bari Weiss, Scooter Braun, Chelsea Handler, Jessica Seinfeld, Weiss, “ Bari, Organizations: Free Press Locations: Israel, Gaza, America
NAPERVILLE, Illinois, Nov 28 (Reuters) - It is rare that U.S. corn supplies build in a marketing year while soybean supplies slip, but that is exactly what is happening in 2023-24, keeping soybean prices relatively elevated versus corn. The U.S. Department of Agriculture pegs total U.S. corn supplies in 2023-24 to rise 10% on the year, while soybean inventory is seen shrinking 3%. U.S. corn versus soybean supply: Year-on-yearThe 2007-08 rise in corn and fall in soybean supplies was policy-driven, and the only other recent, directionally similar year was 2003-04, when the U.S. soybean crop fell victim to rare, widespread pest issues as well as dry weather. USDA’s long-term projections issued earlier this month suggest just that, pegging 2024 U.S. corn acres at 91 million and soybeans at 87 million versus 83.6 million in 2023. Interestingly, USDA in the couple of years leading up to 2007-08 had also overestimated U.S. soybean acres in March and undershot corn.
Persons: Karen Braun, Matthew Lewis Organizations: U.S . Department, Agriculture, USDA, Crop Watch, Reuters, Thomson Locations: NAPERVILLE , Illinois, U.S, Chicago, North Dakota
Money managers’ net short in CBOT wheat futures and options rose to a 23-week high of 108,176 futures and options contracts as of Nov. 21 versus 89,271 a week earlier. That is funds’ most bearish corn stance since June 2020. wheat futures and optionsFunds’ Minneapolis wheat views remain near record-bearish, though they were slight net buyers in the week ended Nov. 21. On Monday, CBOT corn and all U.S. hard and soft wheat futures hit contract lows during trading, including the lowest price for most-active corn since December 2020. Open interest in CBOT soybean meal futures and options surged 4% during the week to another record of 671,039 contracts.
Persons: soyoil, Karen Braun, Matthew Lewis Organizations: U.S . Department of Agriculture, Reuters, Thomson Locations: NAPERVILLE , Illinois, South America, Chicago, Kansas City, Minneapolis, K.C, U.S, Brazil
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