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The U.S. Commodity Futures Trading Commission is charging that Kraft Foods and Mondelez manipulated wheat futures and cash wheat prices. Kraft said it did not expect the matter to have a financially material impact and that Mondelez would predominantly bear the costs of the matter. (Reuters)

Big Wall Street paychecks are back in the news. Morgan Stanley Chairman and CEO James Gorman has received a 25% pay increase in 2014-taking home $23.3 million, up from $14.4 million the prior year. (Reuters)

U.S. employers announced 36,594 layoffs last month, up 6.4% from March 2014. Industrial goods manufacturers led reductions in March with 9,383 cuts. The energy patch let go just 1,279 employees, compared with more than 16,000 in February. Target accounted for 6,640 retail sector cuts in March. (CNBC)

U.S. farmers are turning to a little-known grain called sorghum for relief from a two-year slump in agriculture prices. Native to Africa, sorghum has three things going for it right now: it’s cheap to plant; it holds up better in drought-like conditions than other crops; and, demand is soaring in China, where farmers feed the plant to their hog herds, and moonshiners make it into a whiskey. Corn, soybeans and wheat slumped into bear markets last year amid a global supply glut, sorghum prices have held stable. (Bloomberg)
 

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