Chicago corn rose on Friday, recouping some of its heavy losses a day earlier, as the market set a bigger-than-expected supply outlook from the U.S. government against crop stress in Brazil and sustained Chinese demand.
Copper prices were on course for their first weekly decline since the start of April on Friday as rising inflation fears and a dip in demand from China dragged prices down.
Colonial Pipeline ramped up deliveries to fuel-starved markets up and down the East Coast on Friday following a nearly week-long outage caused by hackers, as Washington sought to reassure motorists that supplies would return to normal soon.
South African Airways aims to resume flights in July or August, but the restart date will depend on how the COVID-19 pandemic progresses and whether the airline can resolve a pilot dispute, its chief executive said on Friday.
Ukrainian farms have almost completed 2021 early spring grain sowing, seeding more than 1.9 million hectares of various crops as of May 13, the agriculture ministry said on Friday.
Crop ratings for French wheat and winter barley were stable in the week to May 10 while spring barley conditions improved, data from farm office FranceAgriMer showed on Friday, suggesting rain has helped cereals after a dry, cold April.
Taiwan Semiconductor Manufacturing Co Ltd (TSMC) does not see any major impact on chip exports from Taiwan's largest airline having to cut flights while pilots are quarantined over a COVID-19 outbreak, it said on Friday.
Ukraine's main white sugar producer Astarta has started raw cane sugar refining, aiming to process 60,000 tonnes of raw cane sugar in the next three months, the company said on Friday.
Indian budget carrier Go Airlines Ltd filed for an initial public offering of up to 36 billion rupees ($491 million), a move that comes as airlines scramble to bolster their finances to tide over disruptions caused by a raging pandemic.
World stocks are set to register their biggest weekly drop in 2-1/2 months after this week's economic data stoked inflation fears in the United States and the prospect of earlier-than-expected monetary policy tightening.
Copper prices fell on Friday and were on track for their first weekly decline in more than a month, as worries of tightening credit that could potential cap demand of the metal.
London copper prices fell on Friday and were on track for their first weekly decline in over a month, as worries of tightening credit and potential commodities price cap in China dampened sentiment.
U.S. corn futures rose 1% on Friday to rebound from a two-week low touched earlier in the session, though the grain was on course to post its biggest one-week low in nearly two years as concerns over global supplies tempered.
U.S. corn futures rose more than 0.5% on Friday, as technical support lifted up prices from a two-week low hit earlier in the session, though the market was set for its biggest weekly loss in nearly two years on higher-than-expected global production outlook.
U.S. live cattle futures fell 2.5% on Thursday, following broad declines in grain and livestock markets that analysts attributed to fund-driven long liquidation and technical selling after recent highs.
A traffic jam on the lower Mississippi River swelled to 771 barges on Thursday as a fractured bridge near Memphis closed the waterway that is crucial for U.S. crop exports.