Soybean embargo halts Chicago futures trading
The U S Department of Agriculture ordered an export embargo on soybeans to boost U S feed grain supplies and ease food costs. Chicago Board of Trade futures trading was suspended while firms like Pilgrim Industries report production cuts and layoffs as prices soar and poultry producers seek relief.
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House Okays Public Works Measure
The House approved a $4.67 billion appropriations bill for public works water and power projects and the Atomic Energy Commission. The 384 to 2 vote covers the fiscal year starting July 1 and includes funds for river harbor flood control and other projects with few amendments adopted.
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