Brazil's center-south (CS) cane crush in the new season that just started will be the lowest since 2012, according to a report by commodities trader and supply chain services firm Czarnikow, as below-average rains hurt cane development.
Arabica coffee futures on ICE fell after hitting its highest in four years on Thursday, supported by tightening supplies in top producer Brazil, signs of improved demand and a stronger Brazilian real.
Argentine farmers sped up soy harvesting over the last week thanks to drier weather, the Buenos Aires Grains Exchange said on Thursday, although the pace of the harvest lagged that of the previous season due to severe rains last month.
U.S. corn futures ended mixed on Thursday as traders took profits following a strong run-up in the market, while global supply concerns offered support.
The rapid increase in feed demand from China that began last year has been a big part of why Chicago corn futures are at multiyear highs, though a little more follow-through for U.S. exports would go a long way in confirming the storyline.
U.S. corn futures were mixed for the third consecutive session on Thursday as traders took profits following a strong run-up in the market, while global supply concerns offered support.
Budget airline Norwegian Air expects demand for European short-haul travel to return to pre-pandemic levels in 2023 or 2024, it said as it presented a first-quarter pretax loss of 1.19 billion crowns ($145 million) on Thursday.
Arabica coffee futures on ICE fell after hitting its highest in four years on Thursday, supported by tightening supplies in top producer Brazil, signs of improved demand and a stronger Brazilian real. Sugar and cocoa also rose.
A rally in copper prices is likely to stall in the second half of the year as top consumer China reins in stimulus spending, a Reuters poll showed on Thursday.
In trading on Thursday, shares of Newmont Corp (Symbol: NEM) crossed below their 200 day moving average of $62.41, changing hands as low as $61.98 per share. Newmont Corp shares are currently trading off about 3.3% on the day. The chart below shows the one year performance of
The European Commission launched a review of EU rules on genetically modified organisms (GMOs) on Thursday, opening the door to a possible loosening of restrictions for plants resulting from gene-editing technology.
France's development agency will invest 68.5 million euros ($83.04 million) over the next five years to boost cotton production in Ivory Coast, economy minister Bruno Le Maire said during a visit to the West African country on Thursday.
A surge in prices for metals including aluminium is prompting users such as home appliance manufacturers in China to look for alternatives and will not help development of the industry, the country's nonferrous metals body said on Thursday.
The International Grains Council (IGC) on Thursday trimmed its forecast for global corn (maize) production in the 2021/22 season with a cut in the crop outlook for the United States.
Copper clawed higher on Thursday to just below the key $10,000 level, emboldened by promises from the U.S. central bank to keep stimulus taps flowing and interest rates low.
Brazilian airline Gol Linhas Aereas Inteligentes' net loss nearly trebled in the first quarter as the coronavirus pandemic slashed demand for flights, it said on Thursday, hours after announcing it was seeking more cash from investors.
The European Commission on Thursday lowered its forecast of usable production of common wheat in European Union's 27 member countries in 2021/22 to 124.8 million tonnes from an initial estimate of 126.7 million last month.