Glencore founder dies in Switzerland

Billionaire Marc Rich, who invented oil trading and was pardoned by President Bill Clinton over tax evasion, racketeering and busting sanctions with Iran, died June 26 in Switzerland aged 78. Rich fled the Holocaust with his parents for America to become the most successful and controversial trader of his time and a fugitive from U.S.

GRAINS-Corn falls most in a month as USDA forecasts record output

* USDA estimates 2013/14 corn crop at record 14 billion bushels * U.S. winter wheat production lifted on better yields * Wheat futures plunge 2 percent, soybeans narrowly lower (Updates U.S. market activity to close) By Michael Hirtzer CHICAGO, June 12 (Reuters) - U.S. corn futures fell 2.5 percent for their largest decline in a


McMillan: USDA area estimates surprise trade

CNSC / The U.S. Department of Agriculture surprised some analysts Wednesday by leaving seeded area estimates unchanged for all U.S. crops. Before the report, a poll of grain analysts by Reuters found expectations were for corn acres to drop 1.5 million acres and soybean acres to rise 700,000 due to seeding difficulties this spring. Over