Brazilian crop agency Conab has cut its forecast for Brazil's 2023/24 soybean production but still predicts the South American nation will produce a record crop in the 2023/24 cycle, according to a statement on Thursday.
Cocoa futures on the ICE exchange rallied back towards record highs on Thursday as new signs emerged of dwindling supplies, while raw sugar recovered after sinking 8% on Wednesday.
Dollar General posted a smaller-than-expected drop in quarterly sales and beat profit estimates on Thursday, as more shoppers turned to its stores for cheaper groceries and other essentials amid sticky inflation pinching household budgets.
India directed sugar mills not to use cane juice or syrup to produce ethanol, the government said in a notification on Thursday, as New Delhi tries to increase sugar supplies by curtailing ethanol production.
Malaysian palm oil futures extended declines to a fifth straight session on Thursday to hit a six-week low, tracking weakness in rival edible oils and crude oil.
London copper prices were flat on Thursday as traders refrained from making active bets in the absence of any major market-moving catalysts, while strong performances in the U.S. dollar so far this week also weighed on the greenback-priced metal.
Chicago wheat futures held steady on Thursday after a third large Chinese purchase of U.S. wheat in three days pushed prices to a four-month high in the previous session.
China's November copper imports climbed 10.1% from the prior month to the highest in almost two years, data showed on Thursday, as dwindling stocks and a stronger yuan bolstered buying interest.
China imported 7.92 million metric tons of soybeans in November, customs data showed on Thursday, rising 7.8% from a year earlier as cheaper Brazilian beans continued to overtake U.S. beans and dominate arrivals.
Malaysian palm oil futures extended declines to a fifth straight session on Thursday to hit a six-week low, tracking weakness in Dalian vegetable oils.
Malaysia on Thursday launched a seven-year plan to implement biomass co-firing projects at power stations and establish a biomass hub, as it looks to boost support for renewable energy.
The United States said on Wednesday it was grounding its military fleet of V-22 Osprey aircraft after a fatal crash last week off the coast of Japan that killed eight people onboard.
Elon Musk's SpaceX has approached investors about another tender offer that would value the company at above $175 billion, a Bloomberg News reporter said in a post on X.
EU antitrust regulators have set a new Feb. 14 deadline to decide whether to clear Korean Air's proposed acquisition of Asiana Airlines, according to an update on the European Commission website.
Chicago wheat pared gains on Wednesday after touching a four-month high following a third straight day of private sales of U.S. wheat to China, the largest wave of Chinese purchases in almost a decade.
Mexico's newest commercial airline, due to be run by the military, is set to launch later this month using military aircraft after a deal to lease planes fell through, local media reported on Wednesday.
Currencies of most resources-rich Latin American countries rose on Wednesday, as prices of copper and iron ore brightened, while a gauge of equities in the region rose for the first time this week.
Reuters
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