Agribusiness consultany AgRural has lowered its forecast for Brazil's 2023/24 soybean crop due to irregular rainfall and a heatwave affecting top grain producing state Mato Grosso, it said in a statement on Monday.
Chicago corn on Monday rose from three-year lows hit last week after the U.S. Department of Agriculture (USDA) forecast a record U.S. corn crop this year.
Brazilian meatpacker Minerva said on Monday it has been informed by Paraguayan authorities of the approval of a health protocol set to open the U.S. market for Paraguayan beef exports.
Copper prices rebounded on Monday as traders cancelled short positions in frustration, but gains were capped by uncertainty about economic growth and high interest rates.
Washington's decision to accept beef from Paraguay after 25 years will probably not change the overall volume of U.S. imports, even at a time of tight supplies and high prices, due to a quota on shipments, U.S. meat importers said.
The return of North American flights to Asia-Pacific is accelerating heading in to 2024, as carriers bet on the region as the next source of high-margin revenue at a time of soaring costs.
Hard-up Argentines, tightening their purse strings with inflation at 140% and rising, are increasingly turning to second-hand clothing markets, both to find affordable bargains and to raise extra cash from selling old garments.
An Airbus spokesperson said on Monday the planemaker and Turkish Airlines had reached an agreement in principle for a "significant commercial aircraft order".
Japanese rubber futures rose to a 3-1/2-week high on Monday, as a recovery in automobile sales in Japan increased prospects for stronger tyre demand while the yen's decline to a fresh one-year low prompted buying.
Dubai's Emirates placed an order for 90 more Boeing 777X jets at the opening of the Dubai Airshow on Monday, including both variants of the future long-haul jet.
London copper prices edged higher on Monday, tracking upbeat sentiment in the financial markets, although a firmer U.S. dollar and uncertainty over the economic recovery in China kept the red metal near a two-week low.
China is considering resuming purchases of Boeing's 737 Max aircraft when the U.S. and Chinese presidents meet this week at the APEC summit, Bloomberg News reported on Sunday, citing people familiar with the matter.
Chicago corn futures on Monday hovered near a three-year low hit in the previous session as the market absorbed last week's U.S government forecast that farmers will produce the biggest corn crop on record this year.
FXEmpire.com - Highlights
U.S. Natural Gas hits two-week low driven by record production and mild weather.
Futures test $3 threshold with notable downturn in December delivery futures.
14% weekly drop in front-month futures, the largest since the end of May.
Natural Gas Prices
U.S lithium major Livent will begin meeting Allkem Australian investors from Monday ahead of a vote next month to approve a $10.6 billion merger that would form the world's third-largest producer amid weakening demand and prices for lithium.
China's largest e-commerce player Alibaba Group said it recorded year-on-year growth over this year's Singles Day sales period that ended at midnight on Saturday, while rival JD.com reported sales volumes at a record high.