Chicago wheat rebounded on Monday on what traders characterized as "bottom-picking" after prices dropped more than 6% to three-year lows on Friday following the release of government data forecasting a larger-than-expected U.S. wheat harvest. Corn followed wheat higher, while soybeans remained near Friday's lows after a separate report showing higher U.S. soybean stockpiles sparked a sell off.
In trading on Monday, shares of Newmont Corp (Symbol: NEM) entered into oversold territory, changing hands as low as $35.33 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a
Russian wheat export prices maintained their levels last week in the face of a tacit minimum delivery price restriction while international markets declined and domestic markets were under pressure from a strong harvest.
Cocoa futures traded on the ICE exchange rallied on Monday, recovering losses made last week on reports of healthy pod development as investors refocused on a weak broader supply picture.
Argentina's exports of grain, oilseeds and their derivatives tumbled 75% year-on-year in September to just over $2 billion, a report by the Argentine Chamber of the Oil Industry (CIARA) and the Grain Exporters Center (CEC) said on Monday.
Stella McCartney took her spring runway show outdoors onto a Paris street with a view of the Eiffel Tower and market stands stacked with sustainable products as she presented a collection of airy, feminine gowns and shimmery hot pants.
U.S. government data on Friday revealed that U.S. corn, soybean and wheat supplies a month ago were all nearly identical to year-ago levels, but Chicago futures are significantly lower than a year ago and speculators have recently been in selling mode.
Birkenstock, the German premium footwear brand backed by private-equity firm L Catterton, said on Monday it was seeking to raise up to $1.58 billion in its initial public offering (IPO) in New York.
Brazilian airline Azul has completed restructuring obligations it had with most of its lessors and equipment manufacturers, part of a broader shake-up that also saw the carrier delay debt maturities and raise additional capital.
A new corridor allowing cargo vessels to carry Ukrainian grain and iron ore from Black Sea ports has significantly lowered freight rates and they are likely to fall further, Ukraine's farm minister said on Monday.
Aluminium prices hit five-month highs on Monday as the market factored in resilient demand in top consumer China, falling inventories in exchange warehouses and stronger activity in the country's manufacturing sector.
Ivory Coast cocoa farmers and exporters believe the lower-than-expected price the world's top exporter fixed for their beans this season could fuel smuggling to its neighbours, where the crop can fetch higher prices.
Malaysian palm oil futures traded lower on Monday, extending losses for a second session trailing weakness in Chicago soyoil as the Chinese closed for a long holiday.
Japanese rubber futures rose for a second session on Monday, as a weaker yen supported the market, although trading was subdued with the Chinese market closed for a holiday.
Schmidt Agricola is a large agricultural company producing soybeans, corn and cotton in Bahia, Brazil, one of the country's new-frontier agricultural areas fit for large-scale, high-tech farming. It recently added a new crop to its fields: cocoa.
Japan's Dowa Holdings Co Ltd expects to produce 4,167 metric tons of refined copper in the second half of the 2023/24 financial year, it said on Monday, down 87.6% from a year earlier.
Ukrainian grain exports have fallen to 6.68 million metric tons so far in the 2023/24 July-June season from 8.99 million tons in the same period of 2022/23, agriculture ministry data showed on Monday.
Reuters
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