Raw sugar futures on ICE rose to a 12-year high on Friday before closing slightly down, as dry weather linked to El Nino looked set to lead to a global deficit in the 2023/24 season. Arabica coffee rose 3.4%.
Speculators increased their bullish bets in futures of raw sugar and cocoa on ICE U.S. in the week to Sept. 12, while slightly cutting their shorts on arabica coffee, data from the Commodity Futures Trading Commission showed on Friday.
Large speculators increased their net short position in Chicago Board of Trade corn futures in the week to Sept. 12, regulatory data released on Friday showed. The Commodity Futures Trading Commission's weekly commitments of traders report also showed that noncommercial traders, a category that includes hedge funds, increased their net short position in CBOT wheat and cut their net long position in soybeans. SUPPLEMENTAL Non-Comm Indexes Comm
U.S. soybean futures fell on Friday on technical selling and profit taking after two sessions of gains, and as a monthly crush report showed U.S. processors handled far fewer beans than expected in August.
Poland and Hungary will implement their own restrictions on Ukrainian grain imports, the governments said on Friday, after the European Commission decided not to extend a ban affecting Ukraine's five EU neighbours.
German premium footwear maker Birkenstock Holding's revenue jumped 21% in the nine months ended June 30, it said in updated paperwork for a U.S. stock market listing on Friday.
U.S. soybean futures fell on Friday on technical selling and
profit taking after two sessions of gains, and as a monthly
crush report showed U.S. processors handled far fewer beans than
expected in August.
The European Commission said on Friday that it would not extend a ban on imports of Ukrainian grains into Ukraine's five EU neighbours due to expire on Friday.
Alberto Dainese of Team DSM-Firmenich narrowly avoided a massive crash in the final kilometre to sprint to victory in stage 19 of the Vuelta a Espana on Friday while American Sepp Kuss of Jumbo-Visma finished safely in the peloton to retain the overall lead.
The U.S. soybean crush fell to an 11-month low in August and was below almost all trade estimates, while end-of-month soyoil stocks dropped to a nearly six-year low, according to National Oilseed Processors Association (NOPA) data released on Friday.
Airbus is pushing ahead with plans to name a new internal head of its commercial aircraft business, effectively recreating a separate civil jetliner division with the list of candidates widening to include sales chief Christian Scherer.
Hurricane Lee barreled across the North Atlantic toward New England and Eastern Canada on Friday, threatening to bring drenching rains, powerful winds and a life-threatening storm surge to the region over the weekend.
Paul Costelloe opened London Fashion Week on Friday, with the Irish designer saying he was "bringing back a bit of romance" to the catwalks with feminine dresses and soft, fluid looks.
Raw sugar futures on ICE rose to a 12-year high on Friday as dry weather linked to the El Nino weather phenomenon looked set to lead to a global deficit in the 2023/24 season, while cocoa and coffee prices were also higher.
Summer rain has benefited maize crops in much of the European Union and should keep production above last year's drought-hit level, despite a decline in planting and persistent dryness in southeast Europe, analysts said.
The Taiwan Flour Millers' Association has issued an international tender to purchase an estimated 93,125 metric tons of grade 1 milling wheat to be sourced from the United States, European traders said on Friday.
Reuters
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