Prices of rice exported from some Asian hubs climbed on Thursday, as supply constraints drove Thai rates to over fifteen-year highs, while prices for India's parboiled variety trailed behind at a two-month peak.
Chicago Mercantile Exchange (CME) livestock futures mostly ended lower on Thursday, as a sluggish cash market weighed on nearly all cattle markets and hog traders continued to wrestle with concerns about demand for hefty pork supplies, analysts said.
Latin American stocks and currencies gave up some gains on Thursday as the U.S. dollar rose, while Argentinian stocks rose after President Javier Milei sent a package of bills to Congress as he looks to battle the country's worst economic crisis in decades.
Chicago wheat futures climbed on Thursday after a vessel hit a mine in the Black Sea, an incident that underscores the continuing security risks along the key global grain trade shipping route.
Argentine farmers made good progress sowing corn and soy crops following recent abundant rainfall, the Buenos Aires grains exchange said on Thursday, as industry groups prepare to fight government plans to hike export taxes on their produce.
U.S. President Joe Biden on Thursday extended the suspension of tariffs on European Union steel and aluminum for two years to continue negotiations on measures to address overcapacity and low-carbon production.
Chicago wheat futures climbed on Thursday after a vessel hit a mine in the Black Sea, an incident that underscores the continuing security risks along the key global grain trade shipping route.
The Brazilian real slipped on Thursday after hotter-than expected domestic inflation data, while Argentinian stocks rose after President Javier Milei sent a package of bills to Congress as he looks to battle the country's worst economic crisis in decades.
The Federal Aviation Administration (FAA) said Thursday airplane maker Boeing is urging airlines to inspect newer 737 MAX airplanes for a possible loose bolt in the rudder control system.
Argentina on Thursday raised the prices of biodiesel and bioethanol for their mandatory blending with gasoil used in the domestic market, according to two resolutions published in the government's official gazette.
Chicago wheat futures rose on Thursday, recouping some of the previous session's losses, as news that a vessel hit a mine in the Black Sea put attention back on war risks while an Egyptian import tender broke a lull in demand.
A Yeti Airlines crash in Nepal that killed 72 people almost a year ago was caused by the pilots mistakenly cutting power leading to an aerodynamic stall, a report issued by a government-appointed investigation panel on Thursday said.
Robusta coffee futures on ICE were slightly lower on Thursday, slipping further from a recent more than 15-year high, while sugar and cocoa prices also fell.
Reuters
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