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Court says no Israel Chemicals layoffs for now

The head of Israel's national labor court in Jerusalem on Monday ruled that Israel Chemicals (ICL) would not be allowed to lay off employees at its southern plants as planned, sending the matter to a regional labor court.

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Soy complex remains mixed midday on Tuesday

Late Monday news seems to be weighing on the crop markets. Corn futures continued their Monday decline this morning, with traders seemingly responding to the latest USDA Crop Progress report indicating U.S. corn plantings accelerated last week. Predicted Midwest dryness also suggests a fast pace this week. Moreover, news that a huge Iowa broiler farm had been hit by bird flu raised concerns about domestic feed demand. May corn futures dropped 5.75 cents at $3.7225/bushel as the lunch hour loomed Tuesday, while December lost 4.75 to $3.965.

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