Chicago wheat prices edged lower on Friday, consolidating after a rally fuelled by renewed concerns over war risks to Black Sea trade, with investors turning their attention to U.S. jobs data.
Malaysian palm oil futures closed lower on Friday, extending losses for a third straight session and posting a 4.4% weekly fall, as demand from top buyers India and China dropped.
The perennial issue of transboundary haze has again sparked friction in Southeast Asia, with Malaysia's environment minister writing to the Indonesian government this week calling for a regional response to the toxic smoke drifting across his nation.
Ukraine's grain exports are down 27.8% to 6.92 million metric tons so far in the 2023/24 July-June season, compared with 9.63 million tons in the same period of 2022/23, agriculture ministry data showed on Friday.
Ukraine, a major global grain producer, has harvested 46.7 million metric tons of grain and oilseeds from the new 2023 harvest so far, the agriculture ministry said on Friday.
Demand for copper and aluminium in China has been surprisingly robust despite the country's property sector crisis, driven by orders from the home appliance, electric vehicle, solar and wind sectors.
Australia's exports of cotton to China ballooned to 61,319 metric tons worth $130 million in August, the most since July 2014, Australian customs data showed, as traders took advantage of normalising trade relations between the two countries.
Copper prices in London were set for their biggest weekly drop in nearly 11 months on Friday as a firm dollar and high inventories weighed, while top consumer China was closed for holidays.
The ramifications of 2022's London Metal Exchange nickel trading debacle, including potential challenges to its nickel contract and the fate of the exchange itself will be hot topics next week as the metals industry descends on London.
French farmers had harvested 27% of this year's grain maize crop by Oct. 2, compared with 12% a week earlier, farm office FranceAgriMer said on Friday.
Malaysian palm oil futures extended losses to a second straight session on Friday and were on track for a weekly decline, tracking weaker Chicago soyoil prices.
Air France-KLM's decision to take a stake in Scandinavia's SAS airline offers a taste of its potential approach for the next big airline takeover battle in Europe: the fight to resuscitate Portuguese carrier TAP.
Australia's weather bureau said on Friday that areas of severe rainfall deficiency had expanded after the driest September on record, putting farm production in one of the world's largest agricultural exporters at risk.
Russian drones attacked port infrastructure in Ukraine's Odesa region, damaging a grain silo in the Izmail district in the early hours of Friday, regional governor Oleh Kiper said.
Finnish airline Finnair said on Friday it planned to raise up to 600 million euros ($632 million) in a rights issue to shore up its finances and allow it to resume dividend payments from 2025.
Leaders of the European Union and the U.S. are seeking to announce an interim agreement at an Oct. 20 summit on steel and aluminium trade that would avert the re-imposition of Trump-era tariffs on transatlantic commerce, Bloomberg News reported on Friday.
The Reserve Bank of India's key lending rate was held steady at a fourth consecutive policy meeting on Friday, as widely expected, with investors more focused on the regulator's liquidity management plan amid a resurgence in inflation.
Chicago wheat prices edged lower on Friday but were still set for their biggest weekly rise since June amid fears that dry weather will reduce some harvests and after a ship in the Black Sea struck a mine, threatening Ukrainian grain exports.
Match tickets selling for up to 50,000 Indian rupees ($600) a pop. Flights to get to a venue. Hotel bookings. Or even just a match-watching party with food and alcohol ordered in.
Reuters
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