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Global Soybean Output Drops, Futures Rise: USDA

Global soybean supplies are down while U.S. exports rise.
U.S. soybean exports are up 15 million bushels for the 2011/12 crop year and soybean prices are expected to rise, while global oil seed production is down 5.2 million tons as South American soybean production plummets because of warm weather and low rainfall, a report by the U.S. Department of Agriculture said Tuesday.
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Texas Tornado

Texas Tornadoes: Photos Of The Devastating Damage [PHOTOS]

Tornado season runs from March until June, but April showed that it is definitely the peak of Tornadi season. On Tuesday the Dallas-Fort Worth area was hit by tornadoes causing widespread damage. A number of injuries have been reported, but no reports of fatalities at the present time, said Lt. Gov. David Dewhurst.
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Top JP Morgan Banker Quits After Market Abuse Fine

One of London's most prominent bankers was fined 450,000 pounds ($720,000) for passing on inside information in a case that will embarrass his employer J.P. Morgan Cazenove and which marks a push by British regulators to target high-profile figures.
A pelican flies as a drilling platform is pictured near Breton Island, Louisiana May 3, 2010.

Public Meetings Scheduled Ahead of Gulf Coast Oil Exploration

The Bureau of Ocean Energy Management, the U.S. authority issuing permits to drill for oil and gas, announced Monday it will be hosting a series of public meetings ahead of a new round of oil and natural gas development lease offerings in the Gulf of Mexico.

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