It is rare that U.S. corn supplies build in a marketing year while soybean supplies slip, but that is exactly what is happening in 2023-24, keeping soybean prices relatively elevated versus corn.
Brazil's sugarcane production is expected to reach an all-time high 677.6 million metric tons in 2023/24, government agency Conab said on Wednesday, up 10.9% from the previous year and above an August estimate of 652.9 million tons.
Chemours, Dupont De Nemours and Corteva have reached a settlement agreement with the U.S. state of Ohio for $110 million to resolve claims associated with toxic "forever chemicals", the companies said on Wednesday.
India will spend 11.8 trillion rupees ($141.63 billion) to extend its free food grains program for the next five years, a federal minister said on Wednesday, but the government remains confident of meeting its fiscal deficit target.
Chicago soybean futures edged higher on Wednesday, extending gains from the previous session, as traders assessed the impact of hot and dry weather conditions in Brazil that are reducing yields in the world's top producer.
Foot Locker on Wednesday forecast a smaller-than-expected decline in fourth-quarter comparable sales, anticipating resilient consumer demand during the key holiday shopping season.
The head of Dubai's Emirates has urged Rolls-Royce to go "back to basics" and focus on the performance of its engines, a day after the British firm laid out plans to quadruple profits.
Foot Locker on Wednesday posted a smaller-than-expected fall in quarterly comparable sales, as cost-conscious consumers tapped into higher discounts on footwear at its stores.
Skippy peanut butter maker Hormel Foods forecast fiscal year 2024 profit below estimates on Wednesday as consumers reduce spending on its pricier meat products and ready-to-eat meals as well as pressure on its retail business.
India will spend 11.8 trillion rupees ($141.63 billion) to fund the extension of its free food grains program for the next five years, the country's information minister said on Wednesday.
Malaysian palm oil futures fell on Wednesday, weighed down by ringgit gains and better offers from larger producer Indonesia, as traders await full month output estimates.
The U.S. Department of Agriculture on Wednesday said it would start accepting applications for an initial $300 million in funding to help U.S. agricultural exporters break into new markets outside China, Canada, Mexico and the European Union.
Producers of Cuba's famous rum are feeling the pinch with local sugar output forecast to remain at record lows this season amid a grueling economic crisis which has dramatically reduced supplies of fertiliser, fuel and other inputs needed to grow cane.
Copper prices eased on Wednesday, hurt by a firmer dollar and persistent worries about the economy in top metal consumer China, while nickel extended gains.
Morocco will offer subsidies to import up to 2.5 million metric tons of soft wheat between Jan. 1 and April 30, 2024, state grains agency ONICL said, as the North African country pursues an import programme to offset drought-affected local production.
Malaysian palm oil planter FGV Holdings on Wednesday logged a smaller third-quarter profit amid lower output and prices, and said it expects to submit a report to U.S. authorities next year as part of efforts to lift an import ban on its products.
Morocco will offer subsidies to import up to 2.5 million metric tons of soft wheat between Jan. 1 and April 30, 2024, state grains agency ONICL said, as the North African country pursues an import programme to offset drought-affected local production.
The Korea Feed Association (KFA) Incheon section purchased up to 65,000 metric tons of animal feed corn in an international tender which closed on Wednesday, European traders said.
Nickel prices surged on Wednesday, with the Shanghai contract jumping the most in nearly five months, as short position holders exited amid potential changes in pricing mechanism in top supplier Indonesia.
Reuters
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