World & Policy

Headlines

  • Oil Little Changed in Midday Trade

    Oil futures are little changed after paring gains following a brief rally in midmorning trade Wednesday in the wake of the EIA's report showing draws for crude and refined product supplies and higher implied demand during the week-ended May 19.

  • Stocks Extend Rally to Fifth Day

    U.S. stocks are up for the fifth straight day Wednesday morning as materials and real estate companies move higher. Technology and industrial companies are making some of the largest gains while retailers of home improvement products, jewelry and car parts are all falling...

  • Oil Mixed in Early Wednesday Trade

    Oil futures were mixed Wednesday morning ahead of an oil report from the U.S. EIA due out at 10:30 AM ET that's expected to show stock draws for crude oil and refined product inventories during the week-ended May 19.

  • Congress is trying to decide if a tax on imports -- a border adjustment tax -- would reduce the trade deficit and increase U.S. jobs and exports. (Photo courtesy of Midwest Shippers Association)

    Taxes and Export Competition

    Congress is debating the idea of a border adjustment tax on imported goods as an offset for lowering corporate tax rates. Proposals have suggested implementing a tax on imported goods as high as 20%. Industries have different takes on the possibilities of a BAT...

  • Panel to Release Health Bill Effect

    Congressional Republicans are about to learn more about whether their drive to dismantle President Barack Obama's health care law has been worth the political pain they've been experiencing.

  • Trump Hires Attorney for Russia Probe

    WASHINGTON (AP) -- President Donald Trump has retained his longtime attorney Marc Kasowitz as part of a still-forming outside legal team that will represent him in the investigation into Russian interference in the U.S.

  • Duterte Declares Martial Law in South

    MANILA, Philippines (AP) -- Philippine President Rodrigo Duterte warned Wednesday that he'll be harsh in enforcing martial law in his country's south as he abruptly left Moscow to deal with a crisis at home sparked by a Muslim extremist siege on a city, where militants burned...

World & Policy Perspectives

Washington Insider -- Wednesday

South America Calling

What DTN Is Watching

Markets

Rain remains the primary concern in this week's forecast. The U.S. Energy Department will update last week's inventories at 9:30 a.m. CDT, including ethanol. U.S. existing home sales will be watched Wednesday after April's new home sales showed an 11.4% drop on Tuesday.

Weather

Light to moderate rain is in store for the eastern Midwest, mid-South, and Southeast Wednesday. Other primary crop areas will be dry. Temperatures will be cool for the season in central growing areas. This combination will keep crop development slow. Southern Plains wheat areas have warmer temperatures and better conditions for the later stages of the crop.

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