Chicago Board of Trade soybean futures fell about 1% on Friday and corn also declined as the dollar soared after a much stronger-than-expected monthly U.S. jobs report reduced expectations of near-term Federal Reserve interest rate cuts.
London cocoa futures on ICE hit a record high on Friday, fetching a weekly gain of 8%, as adverse crop weather in top grower Ivory Coast is set to widen an expected global deficit in the current 2023/24 season.
From the industrial manufacturing sector, a surge in demand for certain chemicals and metals has emerged – shaping trends that extend far beyond the usual boundaries of the sector.
Belgian farmers are ending their blockade of the Zeebrugge container port and their tractors are gradually leaving the harbour area, a Belgian port authority spokesman said on Friday.
A dry heat wave in Argentina has prompted warnings over growing conditions for grains and the need for rain if soy and corn crops are going to stay on track for bumper harvests.
A group of U.S. lawmakers want the Federal Aviation Administration to answer key questions about its oversight of Boeing in the wake of a 737 MAX 9 mid-air emergency, including whether it found serious quality issues at the planemaker.
London cocoa futures on ICE hit a record high on Friday, with adverse crop weather in top grower Ivory Coast set to widen an expected global deficit in the current 2023/24 season.
Farmers blocked the Dutch-Belgian border on Friday and occupied roads in Greece while their Polish peers announced plans to shut border crossings with Ukraine as protests for fairer prices and less red tape spread across Europe.
An investment firm owned by Saudi Arabia’s Public Investment Fund (PIF) has emerged as a frontrunner to back a new cycling league, three people familiar with the matter told Reuters, the latest move by the kingdom to buy into global sports.
Top managers at Marcolin have started meeting potential suitors while they prepare the Italian eyewear manufacturer for a merger or a sale by renewing a series of key licensing accords, two sources close to the matter said.
India's Dalmia Bharat Sugar and Industries reported a flat third-quarter profit on Friday as weak sales of its mainstay - refined sugar - offset strong demand in the distillery business.
Chicago soybean and corn futures edged higher on Friday, consolidating near multi-year lows, while wheat extended the previous day's gains on chatter about renewed Chinese demand.
Chicago-traded corn and soybeans have begun February with a similar energy as last month, which featured the largest January price declines for the most-active contracts in several years.
The world's two largest aircraft lessors said governments will need to invest huge sums of taxpayers' money if they want the fleets of the future to fly mainly on greener fuel, and the head of AerCap doubted whether it would be worth their while.
A ship carrying 16,000 sheep and cows that turned back from the Red Sea due to the risk of attack off Yemen was stranded at an Australian port in a heatwave on Friday as the exporter sought to offload at least some of the animals into quarantine.
Reuters
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