Chicago corn, wheat and soybeans edged up on Friday, with corn setting a new multi-week high, as market participants adjusted positions before closely watched U.S. grain stocks figures later in the day.
Copper prices rose on Friday but were set for a flat quarter on the back of two straight months of decline, as rising inventories and a dollar rally cancelled out gains in July.
Russia may introduce quotas on overseas fuel exports if a complete export ban imposed last week does not succeed in bringing down persistently high gasoline and diesel prices, its Deputy Prime Minister Alexander Novak said.
Ukraine, a major global grain producer, has harvested 41.7 million metric tons of grain and oilseeds from the new 2023 harvest so far, the agriculture ministry said on Friday.
The Jalan-Kalrock consortium said on Friday that it has fulfilled its commitment to infuse 3.50 billion rupees ($42.1 million) to revive the now-defunct Indian carrier Jet Airways.
Unseasonably warm autumn weather from the United States to Europe is denting sales of heavy sweaters and coats as the critical holiday shopping period approaches, executives at major retailers including H&M said, and some stores are already slashing prices to avoid piles of unsold inventory.
The U.S. House of Representatives on Thursday blocked a bill to fund the Department of Agriculture, as moderate Republicans balked at a provision which would limit access to an abortion pill and hardline conservatives demanded deeper fiscal cuts.
Vietnam's rice exports in the January-September period are estimated to have risen about 23% from a year earlier to 6.6 million metric tons, government data showed on Friday.
The return of Australian barley imports to China has brought a happy buzz to at least one industry - brewers of craft beers who are hoping for a much-needed reduction in costs.
Chicago wheat edged up on Friday, underpinned by dryness threatening production in some key exporting countries, although the market is poised for a fourth straight quarterly decline amid ample Russian supplies.
U.S. corn supplies have been below normal for the last of couple years due to a combination of disappointing crops and stronger demand, though that run is expected to end once this year’s near-record crop is harvested.
Endeavor Group and Boston Red Sox owner Fenway Sports Group have expressed interest in investing in the PGA Tour, according to a source familiar with the negotiations.
Chicago corn futures hit a one-month high on Thursday as speculators covered short positions while falling energy prices undercut a rally in oilseeds, traders and analysts said.
Raw sugar futures on ICE closed up more than 2% on Thursday, climbing back towards a recent 12-year peak as global supplies of the sweetener remain tight, while cocoa prices were also higher.
Nike missed Wall Street estimates for first-quarter sales on Thursday, fanning fears that demand for its sneakers is tapering amid tight consumer spending and increasing competition from newer brands.
Sports behemoths Endeavor Group Holdings and Fenway Sports Group are among U.S. investors exploring investing in the PGA Tour, Bloomberg News reported on Thursday, citing people familiar with the matter.
Reuters
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28 minutes 42 seconds ago
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