Raw sugar futures on ICE sank to a five-month low on
Wednesday, as speculators continued to liquidate their long
position amid an improving outlook for production in Brazil and
news that India is moving to boost sugar output.
New Zealand dairy firm Fonterra Co-operative on Thursday increased its fiscal 2024 earnings and farmgate milk price forecasts, citing a strong performance in the first quarter.
Smithfield Foods said it will end contracts with 26 hog farms in the U.S. state of Utah, in the latest contraction by the world's largest pork processor in the face of an industry oversupply.
Walmart's top executives said on Wednesday consumer behavior would be tougher to predict next year as financial strain pushes customers to be more cautious about spending their dollars.
Chicago wheat futures rose to a four-month high on Wednesday after the U.S. government confirmed private sales of U.S. wheat to China for a third straight day, the largest wave of Chinese purchases in almost a decade.
Adverts from Lufthansa, Air France-KLM and Etihad Airways were banned by Britain's advertising regulator on Wednesday for giving a "misleading impression" of the airlines' environmental impact.
India is planning to discourage the diversion of sugar for ethanol production as part of efforts to ensure sufficient supplies of the sweetener in the local market, government and trade sources said on Wednesday.
Brazilian grain traders will export record volumes of both soybeans and corn in 2023, according to projections released on Wednesday by trade group Anec that reflect a bumper crop and strong demand from China.
Currencies of most resources-rich Latin American countries rose on Wednesday, as prices of copper and iron ore brightened, while investors assessed data out of Brazil that showed a rise in government debt in October.
Shortages of new planes, jet engines and pilots have left U.S. airlines with little choice but to pursue growth through acquisitions - which then puts them in the crosshairs of anti-trust regulators.
Raw sugar futures on ICE slid to a 3-1/2 month low on Wednesday as an improving outlook for production in Brazil weighed on the market while coffee prices also fell.
Brazilian exporters will send record volumes of both soybeans and corn to export markets in 2023, according to projections released on Wednesday by trade group Anec based on shipping schedules until the end of the year.
Crude oil prices have gone through dramatic swings in recent months due to demand worry and strong dollar. What is the long term outlook for oil? Below is our conversation with Bruce Liegel, a macro fund manager and author of Global Macro Playbook.
The oil and gas sector and alternative fuel producers need to beef up efforts to produce greener aviation fuel to help airlines cut carbon emissions, the chief economist of global aviation industry body IATA said on Wednesday.
Chicago wheat futures rose for a seventh straight session on Wednesday to set a new three-month high after a second large Chinese purchase of U.S. wheat in as many days boosted export prospects.
Reuters
Checked
29 minutes 50 seconds ago
This feed is responsible for generating the rss feed related to the topic Commodities