Brazil's worst water crisis in almost a century will impact river navigation and make transportation of goods more expensive in the world's largest exporter of commodities ranging from soybeans to coffee and sugar.
Arabica coffee steadied on Wednesday as investors paused for breath after prices hit a 4-1/2-year high in the prior session on concerns over a drought in top producer Brazil. [nL2N2NF29M]
Chicago Board of Trade corn futures dropped 2.8% on Wednesday, pressured by a government report that showed the condition of the U.S. crop was better than expected, traders said.
After two consecutive disappointing corn harvests, U.S. farmers are hoping for better luck in 2021, particularly with high profitability prospects. Things are off to a good start and if the weather cooperates this summer, U.S. corn stockpiles next year could recover from seven-year lows.
Flights between Russia and Germany were briefly suspended on Tuesday after Russia declined to renew Lufthansa's permit to fly to Moscow on time, prompting a tit-for-tat response from Berlin.
Global airlines urged the G7 rich nations on Wednesday to replace blanket COVID-19 travel curbs with more flexible restrictions informed by data, artificial intelligence and risk analysis.
India's government will bring forward to 2023 from 2025 the possibility of fuel companies selling gasoline containing up to 20% of ethanol (E20), according to brokers and a publication in the country's official gazette on Wednesday.
A ransomware attack on JBS, the world's largest meatpacker, by a criminal group likely based in Russia has strengthened the Biden administration's resolve to hold Moscow responsible for costly cyber assaults - even if they are not directly linked to the Kremlin.
Argentine cattle ranchers will end their meat sales ban at midnight on Wednesday, but the protest over the government's suspension of beef exports could resume to include a grains sales strike, the leader of a top farm group said.
Chicago Board of Trade corn futures dropped 2.8% on Wednesday, pressured by a government report that showed the condition of the U.S. crop was better than expected, traders said.
The United States on Wednesday announced 25% tariffs on over $2 billion worth of imports from six countries over their digital services taxes, but immediately suspended the duties to allow time for international tax negotiations to continue.
None of the alternatives to neonicotinoids for protecting sugar beet crops works well enough on its own, France's health agency ANSES said on Wednesday, as the country looks for ways to do without the chemical seen as harmful to bees.
Global airline body IATA stepped up its pressure on governments to ease travel restrictions on Wednesday, pointing to UK testing data that showed low incidence of COVID-19 in arriving passengers.
Argentine cattle ranchers will end their meat sales ban at midnight on Wednesday, but the protest over the government's suspension of beef exports could resume to include a grains sales strike, the leader of a top farm group said.
German pig prices rose this week with expectations of more pork demand as restaurants reopen and hopes summer weather will get the barbecue season started, traders said on Wednesday.
Arabica coffee futures on ICE rose on Wednesday but failed to exceed the prior session's 4-1/2-year high as investors paused for breath even as they remained on edge about a drought in top producer Brazil. [nL2N2NF29M]
A notorious Russia-linked hacking group is behind the cyberattack against JBS SA that disrupted meat production in North America and Australia, Bloomberg News reported, citing sources.
A notorious Russia-linked hacking group is behind the cyberattack against JBS SA that disrupted meat production in North America and Australia, Bloomberg News reported, citing sources.
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