The Lunar New Year holiday surge in Shanghai Futures Exchange (ShFE) metal inventories seems to have peaked with registered stocks of copper, aluminium and lead all falling over the last week.
Russian farmers say they are considering reducing wheat acreage in favour of higher-margin crops like soybeans and peas as low global prices, rising input costs and continued export duties cut into harvests' profitability.
Mali's grains output fell to 9.9 million metric tons in the 2023/24 farming season from 10.2 million in the previous year, the West African country's Prime Minister Choguel Maiga said on Friday.
Exxon Mobil Senior Vice President Jack Williams said cost is the big negative for sustainable aviation fuel and the company is working to lower costs at a conference near Chicago on Friday.
Nike shares tumbled nearly 8% in early trade on Friday after the Air Jordan maker forecast a drop in sales in its first half as it replaces older styles with trendier sneakers in its fight for market share with newer brands.
India's air safety watchdog fined Tata Group-owned Air India 8 million rupees ($95,658) for violating flight duty time limitations and fatigue management systems of its flight crew.
Chicago Board of Trade (CBOT) soybeans futures fell on Friday after surging to a two-month high in the previous session as concerns around inclement weather in Argentina triggered speculative buying and short-covering.
Cocoa futures in London set a record high on Friday, continuing a blistering rally which has seen prices double this year, while the New York market also set an all-time peak.
France has picked German company Boehringer Ingelheim and France's Ceva Animal Health to supply a second round of bird flu vaccines, as part of a vaccination campaign that started in autumn last year, the companies told Reuters on Friday.
The European Commission proposed on Friday imposing tariffs on imports of grain from Russia and Belarus in an attempt to curb the income of Moscow and its ally and placate farmers who have protested for months over cheap imports.
A Japanese aluminium buyer has agreed to pay a global producer a premium of $145 per metric ton over the benchmark price for shipments in April to June, up 61% from the current quarter, two sources involved in the pricing talks said.
The Indian government, Hindustan Zinc's largest minority shareholder, has rejected the miner's proposal to split into different units as it is not convinced such a move would boost shareholder value, a government official said on Friday.
Prices of most nonferrous metals fell on Friday and were on track for a weekly decline, as a stronger dollar made greenback-priced metals more expensive to holders of other currencies.
Some 66% of French soft wheat was rated as in good or excellent condition by March 18, which remained stable from a week earlier but dropped from 94% a year ago, farm office FranceAgriMer said on Friday.
Base metals prices mostly fell on Friday and were on track for a weekly decline as a stronger dollar made greenback-priced metals more expensive to holders of other currencies.
India has rejected a proposal by miner Hindustan Zinc to split the company into different units, a government source aware of the matter said on Friday.
Malaysian palm oil futures dipped slightly on Friday with the market set for its first weekly loss in five as it consolidated after a recent bullish episode, while lower edible and crude oil prices also added to the decline.
Malaysian palm oil futures fell on Friday amid lower edible and crude oil prices, with the market set for a weekly decline, although a weaker ringgit limited losses.
Chinese authorities have placed the chairman of a state-owned grain company in Jiangsu province under investigation, a local anti-graft watchdog said on Friday.
Reuters
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