Base metals fell on Wednesday, as oil hitting a near 10-month high worsened price rise fears ahead of the release of key U.S. inflation data, while investors also gauged the demand outlook from top consumer China.
Leading South Korean feedmaker Nonghyup Feed Inc. (NOFI) has issued an international tender to purchase up to 138,000 metric tons of animal feed corn to be sourced from optional origins, European traders said on Wednesday.
Chicago soybeans lost more ground on Wednesday, trading close to a three-week low hit in the last session, while corn eased with both markets under pressure after a U.S. government report showed crops suffered less-than-expected damage.
U.S. airlines on Tuesday expressed growing frustration with Federal Aviation Administration air traffic control staffing (ATC) shortages, which have snarled flights and forced regulators to extend waivers on minimum flight requirements.
Chicago soybeans lost more ground on Wednesday, trading close to previous session's three-week low, while corn was listless with both markets under pressure after a U.S. government report showed crop suffered less-than-expected damage.
Copper prices were stuck within a tight range on Wednesday as traders turned cautious ahead of the release of key U.S. inflation data, while investors also carefully assessed the demand outlook from top consumer China.
Chicago soybean futures edged higher on Wednesday, having fallen 1.6% in the previous session after the U.S. government cut its production forecast less than analysts had expected and Brazil was predicted to export more than had been thought.
Europe's gas consumption is down by between 10% and 15% compared with the decade before Russia's invasion of Ukraine, as high prices enforce a sharp reduction in fuel use especially by energy-intensive manufacturers.
The High Court of Australia on Wednesday dismissed a Qantas Airways Ltd's appeal against a ruling that found the airline breached law by firing nearly 1,700 ground handlers during the pandemic, according to a judicial filing.
The High Court of Australia on Wednesday dismissed a Qantas Airways appeal against aruling that found the airline had breached law by firing nearly 1,700 employees during the pandemic, the Transport Workers Union said.
Yields are often the more controversial element of U.S. corn production at this time of year, but a strong acreage adjustment from the government maintains U.S. harvest hopes near record levels despite weaker yields.
Extreme heat and flooding could erase $65 billion in apparel export earnings from four Asian countries by 2030, as workers struggle under high temperatures and factories close, research from Schroders and Cornell University showed on Wednesday.
With displays ranging from tweed suits to an array of little black dresses, a new London exhibition looks at the work of one of fashion's most famous names - French designer Gabrielle "Coco" Chanel.
Brazilian sugar production in the second half of August is expected to have been very high, just a bit below the near-record volume seen in the first half of the month, as mostly favorable weather continues to boost the processing pace.
Most of the Chicago Mercantile Exchange feeder and live cattle futures hit new contract highs again on Tuesday, as tight U.S. supplies and forecast of a strong cash market added fuel to a bull rally, traders said.
Chicago soybeans plummeted to a 3-week low and corn sharply dropped on Tuesday after a government report said crops were not hampered as much as some traders had expected by hot and dry summer weather.
Raw sugar prices on ICE rose to the highest in more than four months on Tuesday as speculators added more contracts to their large long position amid the backdrop of limited Asian production. Cocoa was little changed, while coffee fell.
Birkenstock, the German premium footwear brand backed by private equity firm L Catterton, on Tuesday filed for an initial public offering in the United States.
Nike investors voted against two shareholder-led proposals during the sportswear giant’s annual meeting on Tuesday, according to a preliminary tally by the company.
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