South African grocery retailer Pick n Pay reported a 21.4% decline in annual earnings on Wednesday, weighed down by a ban on the sale of alcohol and other products and by one-off compensation costs.
China's Ministry of Agriculture and Rural Affairs published guidelines on Wednesday for the reduction of corn and soymeal in pig and poultry feed, including recommendations for alternatives.
Ukraine's agriculture ministry has taken back control of the farming sector after a decision to merge it with the economy ministry was reversed, a deputy economy minister said on Wednesday.
Malaysian palm oil futures extended early gains on Wednesday, hitting their highest in nearly two weeks on the back of strength in competing oils on the Dalian Commodity Exchange and the Chicago Board of Trade, and fears of a supply squeeze.
Copper fell on Wednesday following concerns that a resurgence of COVID-19 infections in some major economies, such as India and Japan, will slow global economic recovery and dampen metals demand, although a weak U.S. dollar limited losses.
Refiners are expected to report big first-quarter losses after February's winter storm froze activity along the Gulf Coast, but as more Americans are vaccinated against COVID-19, analysts expect the industry's outlook to brighten as demand rebounds.
Copper fell on Wednesday on concerns that a resurgence of COVID-19 infections in some major economies, such as India and Japan, will slow global economic recovery and dampen metals demand, although a weak U.S. dollar limited losses.
Malaysian palm oil futures rose on Wednesday to their highest in nearly two weeks, lifted by gains in competing oils on the Dalian Commodity Exchange and the Chicago Board of Trade.
Chicago corn climbed to its highest in nearly eight years on Wednesday, rising for a third straight session, underpinned by worries over cold weather hurting the newly planted U.S. crop.
U.S. corn futures rose for a third consecutive session on Wednesday as concerns that adverse weather in a major producing region pushed prices to a near eight-year high.
ANTA Sports Products Ltd, China's home grown sportswear maker, said on Wednesday that its controlling shareholder has planned sale of about 3.26% stake in the company for HK$11.57 billion ($1.49 billion).
Grupo Aeromexico, which operates Mexico's largest airline, reported on Tuesday a net loss of 4.2 billion pesos for the first quarter of this year, almost twice as much as the same quarter a year earlier.
Following are selected highlights from a report issued on Tuesday by the U.S. Department of Agriculture's Foreign Agricultural Service post in New Delhi:
Stocks on Wall Street fell for a second straight day on Tuesday as a global spike in coronavirus cases hit travel-related shares and investors had second thoughts about big U.S. banks' apparently stellar earnings last week.
U.S. corn futures climbed to their highest in nearly eight years on Tuesday and soybean futures neared a seven-year high as tightening supplies supported cash markets and attracted speculative buying, analysts said.
Stocks on Wall Street fell for a second straight day on Tuesday as a global spike in coronavirus cases hit travel-related shares and investors had second thoughts about big U.S. banks' apparently stellar earnings last week.
Raw sugar futures rose sharply on Tuesday, climbing to a seven-week high, as funds added to long positions against the backdrop of declining crop prospects in the European Union and Brazil and positive macroeconomic indicators.
The Alvance Aluminium branch of British businessman Sanjeev Gupta's GFG Alliance on Tuesday asked a French court to place three of its sites under administration, a spokesman said.
Brazil’s heavily exported second corn crop has been on the markets’ radar since last year, when the country’s soybean crop was planted later than usual, increasing the chances that corn would go in late since it is planted immediately after the soy harvest.
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