German sportswear giant Adidas said on Wednesday it expects a decline in its sales in North America this year, blaming a still overstocked market there, as the company continues to sell off the sneakers from its axed Yeezy line.
Chicago soybean futures fell on Wednesday from one-month highs in the previous session as a production forecast downgrade by Brazil's crop agency tests speculative investors who have bet heavily on further price declines.
Copper prices in London were nearly unchanged on Wednesday, as traders and investors exercised caution and waited for the results from a meeting of top Chinese smelters.
FXEmpire.com -
Oil Market Dynamics: Inventory Drops & Demand Forecasts Shape Future Trends
In Asian trading on Wednesday, oil prices saw an increase, driven by an unexpected decrease in U.S. oil inventories and OPEC’s
Bayer rejected on Tuesday a claim by a Brazilian farmers' lobby group that the country's top court had ordered the diversified German company to return about $2 billion in royalties to soybean farmers.
Widespread rainfall and improving livestock prices have lifted confidence levels among Australian farmers to their highest in two years, a survey published on Wednesday showed.
Chicago soybean futures edged lower on Wednesday, although they hovered near one-month highs after Brazil's crop agency cut production forecasts for the country, testing speculative investors who have bet heavily on further price drop.
Spanish retailer Mango is honing in on adaptable clothing to help customers adjust to wild swings in temperature as climate change makes fashion less seasonal, Chief Executive Toni Ruiz told Reuters.
The two largest dairy farm collectives in the southwestern United States have lost their bid to dismiss a proposed class action in New Mexico accusing them of conspiring to fix prices in the region's multibillion-dollar milk industry.
Intense rains in Argentina are beginning to leave the soil too wet in key agricultural areas, which could also make it harder to harvest the 2023/24 soybean crop, a climate specialist said on Tuesday, though the conditions could be good for the 2024/25 wheat crop.
U.S. stocks ended sharply higher on Tuesday, with the S&P
500 registering a record high close as Oracle shares surged and
consumer price data failed to dampen investors' hopes of
interest rate cuts in the coming months.
Cocoa futures in both New York and London climbed to record highs on Tuesday with the market's relentless rise fuelled by a supply shortage, while coffee prices also closed higher.
FXEmpire.com - Natural gas further retraces its recent advance, falling to the 61.8% Fibonacci retracement with the day’s low of 1.69. Downward pressure remains as continues to trade near the lows of the day at the time of this writing. If it keeps falling the next Fibonacci leve
In trading on Tuesday, shares of Vale SA (Symbol: VALE) entered into oversold territory, changing hands as low as $12.21 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 scal
Chicago Board of Trade wheat and soybean futures all turned higher on Tuesday as a stubbornly bearish market gained support from weather issues in Brazil and a flurry of short covering as funds shift out of their huge net short positions.
Intense rains in Argentina are beginning to leave the soil in key agricultural areas too wet, which could bring difficulties when the time comes to harvest the 2023/24 soybean crop, a climate specialist said on Tuesday, though the conditions could be good for the 2024/25 wheat crop.
FXEmpire.com - Natural Gas
Natural Gas 120324 Daily Chart
Natural gas remains under pressure amid concerns about weak demand. The recent production cuts did not provide support to prices.
Aluminium prices climbed on Tuesday to near six-week highs as the market factored in seasonally stronger demand, but ample supplies from top producer China are likely to cap gains.
Italian luxury group Tod's said on Tuesday its operating profit rose to 94.7 million euros ($103.3 million) last year from 58.2 a year earlier, ahead of L Catterton's offer aimed at delisting the company.
FXEmpire.com - Gold
Gold 120324 Daily Chart
Gold pulled back as traders reacted to U.S. inflation reports, which exceeded analyst expectations. Fed may be forced to be more hawkish to fight inflation, which is bearish for gold and other precious metals that pay no interest.