Copper prices opened higher this week on Monday, supported by resilient demand in China amid signs of a stablizing economy, although rising inventories and dollar strength capped gains.
Chicago wheat futures gained more ground on Monday with strong global demand supporting the market, although ample supplies from the Black Sea region are likely to limit the upside potential in prices.
Speculators scrapped short positions in Chicago-traded corn before last week’s crop outlook from the U.S. government, but money managers narrowly clung to the bullish soy views they have held since early 2020.
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U.S. natural gas futures kicked off the week at an eight-month high of $3.376 per mmBtu, fueled by rising exports and cooler weather forecasts.
Midweek data revealed a record-high monthly gas output in the Lower 48, yet failed to sustain bullish momentu
India said on Saturday it will maintain the floor price for basmati rice exports until further notice, according to a government order, as the world’s biggest exporter continues to curb overseas shipments of the grain.
As big U.S. corporations kicked off corporate earnings season this week, executives addressed the Israel-Hamas conflict and some companies launched fundraising efforts.
U.S. private equity firm Apollo Global Management is seeking to join the consortium that Scandinavian airline SAS last week picked to take it through bankruptcy proceedings, according to a source familiar with the matter.
In trading on Friday, shares of Eldorado Gold Corp (Symbol: EGO) crossed above their 200 day moving average of $9.81, changing hands as high as $9.92 per share. Eldorado Gold Corp shares are currently trading up about 4.9% on the day. The chart below shows the one year perfor
Arabica coffee futures on ICE ended the week with a net gain of 6% after a strong advance on Friday when other commodities also jumped amid signs of the end of the cycle of U.S. monetary tightening.
U.S. soybean futures retreated on Friday on profit-taking after hitting two-week highs in the previous session and as souring consumer sentiment and inflation worries hung over the market.
A severe drought is disrupting barge traffic on the Tapajos river in the Amazon rainforest, shipping agencies told clients this week as Brazil enters the final months of 2023's corn export season.
Investors in the coming week will get a look at the state of U.S. consumers - whose spending drives around two-thirds of the economy - with a U.S. retail sales report and earnings due from Procter & Gamble, Netflix and a slew of banks.
A Copa Airlines aircraft bound for Tampa, Florida from Panama City turned back following an alleged bomb threat and the 144 passengers on board were subsequently disembarked in Panama, the country's aviation authority said on Friday.
Egypt's temporary suspension of a tariff on chicken imports will favor shipments from Brazil to the North African market, Brazilian chicken and pork processor group ABPA said on Friday.
Russia has destroyed almost 300,000 metric tons of grain since July in attacks on Ukraine's port facilities and on ships, the Ukrainian government said on Friday, underscoring the war's threat to global food security.
U.S. soybean futures retreated on Friday on profit-taking after hitting two-week highs in the previous session and as souring consumer sentiment and inflation worries hung over the market.