China imported 5.16 million metric tons of soybeans in October, customs data showed on Monday, surging 25% from a year earlier as a surge of cheap and plentiful Brazilian soybeans continued to arrive at ports.
China's copper imports hit a ten-month high in October, customs data showed on Tuesday, as declining domestic stocks and firm demand underpinned buying activity.
China, the world's largest soy buyer, imported 5.16 million tonnes of soybeans in October, down 27.8 % from 7.15 million tonnes in September, figures from the General Administration of Customs of China showed.
China, the world’s top meat buyer, imported 552,000 tonnes of meat in October, down 7.2 % on prior month, General Administration of Customs data showed. Meat imports for January to October were 6.26 million tonnes, up 3.8% on a year ago. (Full Story)
Prices of most nonferrous metals declined on the London Metal Exchange (LME) on Tuesday, as a firm dollar made the greenback-priced metals more expensive to holders of other currencies.
Footwear giant Nike filed federal lawsuits on Monday against rivals New Balance and Skechers, accusing them of infringing patents related to Nike's technology for making upper portions of sneakers.
U.S. wheat shipments typically weaken at this time of year as soybean exports take the stage, but last week’s decline was unprecedented, reflecting the United States’ shrinking share of world wheat trade.
The U.S. Department of Agriculture (USDA) on Monday rated 50% of the U.S. winter wheat crop in good-to-excellent condition, up three percentage points from the previous week and the highest for this time of year since 2019 as soil moisture improved in the Plains following a three-year drought.
Chicago soybean futures on Monday hit their highest level in some eight weeks on weather concerns in top exporter Brazil and arid conditions in Argentina.
Footwear giant Nike filed federal lawsuits on Monday against rivals New Balance and Skechers, accusing them of infringing patents related to Nike's technology for making upper portions of sneakers.
Air New Zealand said on Tuesday that a change in the servicing schedule of RTX's Pratt & Whitney engines could significantly impact the airline's services for up to two years.
The CEO of JetBlue Airways testified in court on Monday that the company's proposed $3.8 billion acquisition of Spirit Airlines is a critical part of his plan to turn the airline into a more significant competitor to the four largest U.S. air carriers.
New York cocoa futures on ICE rose to the highest level in nearly 45 years on Monday, boosted by tightening supplies due to lower production in Ivory Coast and Ghana.
Chicago soybean futures hit their highest level in some eight weeks on Monday on weather concerns in top exporter Brazil and arid conditions in Argentina.
The U.S. Department of Agriculture's (USDA) weekly crop progress report should show the U.S. corn harvest as 82% complete and the soybean harvest at 92%, according to the average of estimates from 10 analysts polled by Reuters on Monday.
Air Lease on Monday cast doubt on whether planemakers Boeing and Airbus would hit their 2023 delivery targets due to quality issues at their suppliers.
Reuters
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