Chicago soybean prices rallied to a two-month high on Wednesday, after the U.S. Department of Agriculture confirmed a Reuters report that China booked its largest single-day U.S. soybean purchases since at least late July.
China's state-run food group COFCO International and Modern Farming Group, which makes milk products, have signed an agreement "to supply and accept soybeans" coming from sustainable areas of production in Brazil, the world's top supplier of the oilseed.
Brazilian officials said on Wednesday new legislation enacted by the European Union to ban the import of goods linked to deforestation was complicating negotiations of a trade deal with South America's Mercosur bloc.
Raw sugar futures on ICE settled lower on Wednesday, slipping further from the previous session's 12-year high, while arabica coffee prices rose as exchange stocks continued to decline.
Airbus raised a production goal for wide-body A350 jets and reaffirmed financial and delivery targets for 2023 as it posted higher underlying third-quarter profit on Wednesday, with sharply higher jet income dampened by charges in satellites.
Chicago soybean prices rallied to a two-month high on Wednesday, after the U.S. Department of Agriculture confirmed a Reuters report that China booked its largest single-day U.S. soybean purchases since at least late July.
Brazilian chicken sales are on track for record-large volumes this year, industry group ABPA said on Wednesday, with the country's commercial flocks avoiding bird flu infections that have limited shipments from competitors, including the United States.
The U.S. Department of Agriculture confirmed private sales of 909,500 metric tons of U.S. soybeans on Wednesday, the largest single-day soy sales total since at least late July, confirming a Reuters story from Tuesday.
Non-commercial market participants increased their net short position in Euronext's milling wheat futures and options in the week to Nov. 3, data published by Euronext on Wednesday showed.
United Nations Secretary-General Antonio Guterres told Reuters NEXT on Wednesday that it will be difficult to revive a landmark deal that allowed the safe Black Sea export of Ukraine grain, which Russia quit in July over complaints about its own exports.
Raw sugar futures on ICE fell on Wednesday, slipping further from the previous session's 12-year high, while arabica coffee prices rose as exchange stocks continued to decline.
JPMorgan on Wednesday said it is teaming up with Bpifrance to invest around $60 million in private investment firms led by women in France, where the bank has its biggest European trading and investment banking hub after London.
A fire was extinguished on Wednesday at Russia's Ozerny mining and processing plant and the company was assessing the possible impact on the planned start next year of full-scale operations at the country's largest zinc deposit, a spokesperson said.
Half of Tereos sugar factories in France had to slow production due to a lack of sugar beet, France's largest sugar maker said on Wednesday after nearly uninterrupted rainfall in recent weeks prevented many farmers from harvesting their fields.
U.S. stock index futures edged up on Wednesday as investors awaited Federal Reserve Chair Jerome Powell's speech at a conference to gauge his view on interest rates and the state of the economy.
Inditex founder Amancio Ortega's investment firm Pontegadea is pushing further into renewable energy, closing in on a deal with Repsol to buy a 49% stake in its wind farms and photovoltaic power plants in Spain, two sources familiar with the deal told Reuters.
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