Robusta coffee futures on ICE hit their highest price in at
least 15 years on Friday, posting a 12% weekly gain, amid
weather worries and as farmers in top producing regions refrain
from selling in the hope their beans will fetch higher prices
later.
Cooabriel, Brazil's largest robusta coffee co-op, said on Friday that above average temperatures and drier-than-normal weather in the main growing areas in Espirito Santo state will likely have a negative impact on production.
Indigenous protesters on Friday tried to prevent a public hearing on the construction of a railway that is planned to run through their lands to carry grains to a northern port in the Amazon.
India has decided to allow sugar mills to divert up to 1.7 million metric tons of sugar for ethanol production, government and industry officials said on Friday, as New Delhi aims to reduce disruptions in its ambitious biofuel program.
Russia's government has renewed a quota for imports of beef and chicken meat with lower tariffs from Brazil effective Jan. 1, the South American country's agriculture ministry said on Friday.
Lufthansa will resume flights to Tel Aviv starting Jan. 8, the airline said on Friday, making it the one of the first major international carriers to announce a resumption in service cancelled in October following Hamas attacks.
Chicago Board of Trade soybean futures sagged on Friday but were poised for their first weekly gain in 1-1/2 months, underpinned by solid demand for U.S. supplies and concerns that dry weather will reduce yields in top-exporter Brazil.
Brazilian airline Azul said on Friday it has purchased seven A330neo wide-body aircraft from Airbus in order to "significantly expand" its international services, with deliveries scheduled to start in 2026.
Abu Dhabi National Oil Co (ADNOC) has agreed to buy European chemical producer OCI's entire stake in Fertiglobe for $3.62 billion, with the deal expected to close in 2024, ADNOC and OCI said in a joint statement on Friday.
The Biden administration said on Friday it will recognize a methodology favored by the ethanol industry in guidance to companies looking to claim tax credits for sustainable aviation fuel (SAF), a pivotal win for the politically powerful U.S. corn lobby.
Following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade (CBOT) at 8:30 a.m. CST (1430 GMT) on Friday.
During Paris Fashion Week, pop icon Cher, Swedish singer Robyn and South Korean DJ Peggy Gou performed at Silencio nightclub to a crowd of actors and models including Jared Leto, Elle Fanning and Irina Shayk.
Reliance Industries, JSW Energy, Torrent Power and Bharat Petroleum Corp are among 14 companies that have bid for incentives under India's green hydrogen plan, according to a government agency.
Robusta coffee futures on ICE hit their highest price in at least 15 years on Friday, heading for 12% weekly gains amid weather worries and as farmers in top producing regions refrain from selling in the hope of selling their beans for more later.
Olive Garden owner Darden Restaurants on Friday forecast annual same-store sales largely below estimates and missed Wall Street expectations for second-quarter revenue as its fine dining business remained under pressure.
Chicago soybeans were trading sideways on Friday but poised for their first weekly gain in 1-1/2 months, underpinned by strong demand and concerns that dry weather in top exporter Brazil will reduce yields.
China earlier this month loaded up on U.S. soft red winter (SRW) wheat after its own crop’s quality was compromised by heavy rains, helping drive U.S. SRW exports to a 10-year high this marketing year.