Chicago soybean futures fell on Friday as the weather forecast in drought-stricken northern Brazil promised much-needed rain for producers who are dealing with the prospect of low yields and damaged crops.
Arabica coffee futures on the ICE exchange hit a six-month peak on Friday as traders' attention returned to the slide in ICE-certified stocks to 24-year lows, while raw sugar hit a three-month trough.
Brazilian food processor BRF plans to increase its direct purchases of grain from farmers to 40% of its total by next year, as it seeks to increase control over its production chain while trying to reach traceability goals, executives said.
Chicago soybean futures fell on Friday as the weather forecast in drought-stricken northern Brazil promised much-needed rain for producers who are dealing with the prospect of low yields and damaged crops.
Five Republican senators led by Marco Rubio on Friday asked President Joe Biden's administration to ban travel between the United States and China after a spike in Chinese respiratory illness cases.
Southwest Airlines and its pilots union are nearing a new contract which will increase pay for over 11,000 pilots and conclude months of negotiations ahead of the upcoming holiday travel season, CNBC reported on Friday.
In trading on Friday, shares of First Majestic Silver Corp (Symbol: AG) crossed above their 200 day moving average of $6.05, changing hands as high as $6.06 per share. First Majestic Silver Corp shares are currently trading up about 0.2% on the day. The chart below shows the
A Brazilian association representing pork and poultry processors said on Friday it "regrets" a decision taken by a Mexican court which suspended pork imports from the South American nation at the request of local producers, calling it "protectionist."
Arabica coffee futures on the ICE exchange hit a six-month peak on Friday as trader attention returned to the slide in ICE-certified stocks to 24-year lows, while raw sugar hit a three-month trough.
In trading on Friday, shares of Southern Copper Corp (Symbol: SCCO) crossed above their 200 day moving average of $74.98, changing hands as high as $75.72 per share. Southern Copper Corp shares are currently trading up about 5.1% on the day. The chart below shows the one year
Brazil's Para state, which leads the country for the highest levels of Amazon rainforest destruction, will launch a mandatory program to track cattle in a bid to crack down on related deforestation, a partner in the project said on Friday.
Imports of Ukrainian sugar into the European Union grew tenfold last season and extended their rise at the start of the current 2023/24 season to the detriment of Brazil which is on track of losing its leadership in the bloc, EU data showed on Friday.
U.S. grains trader Cargill on Friday said it completed the acquisition of three soybean crushing and biodiesel production plants in Brazil that were previously owned by Granol, a privately-held company.
Chicago wheat futures fell on Friday in a technical setback following an export-fuelled rally, while soybeans also lost ground as the market assessed forecasts of rain next week in parched Brazilian crop belts.
Reuters
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