The U.S. Department of Agriculture (USDA) is likely to rate 58% of the nation's corn crop as good to excellent in its weekly crop report, up 1 percentage point from a week ago, according to the average estimate of 11 analysts surveyed on Monday.
More cool weather across the U.S. Corn Belt last week had a mostly positive impact on the Crop Watch corn and soybeans, and many locations received beneficial rain ahead of a less favorable incoming weather pattern.
Chicago Board of Trade wheat futures set a two-month low on Monday and corn futures matched a recent low from 2021 as traders shrugged off a Russian warship firing warning shots at a cargo ship on its way to Ukraine.
Above-average rain last week in most of Ivory Coast's cocoa growing regions will boost the development of the upcoming main crop, while cool and cloudy weather raised concerns for growth, farmers said on Monday.
Damaged farmland, water conservancy and other infrastructure should be quickly repaired to ensure speedy recovery of agricultural production, state news agency Xinhua quoted China's vice premier Liu Guozhong as saying on Monday.
London cocoa futures rose on Monday with the market showing signs of resuming its recent uptrend, buoyed by crop concerns in West Africa, while coffee and sugar prices fell.
Egypt has strategic reserves
of wheat sufficient to cover local consumption for 4.7 months
and vegetable oils sufficient for 4 months, the cabinet said in
a statement on Monday, citing the supply minister.
(Reporting by Momen Saeed Atallah; Writing by Nadine Awadalla;
editing by David Evans)
((Nadine.Awadalla@thomsonreuters.com;))
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Ryanair expects traffic in August to "slightly" surpass the record 18.7 million passengers it flew in July, with bookings for September and October so far coming in exactly as expected, a senior executive told Reuters on Monday.
Brazilian farmers had harvested 71% of the area planted for their second corn crop in the center-south region by Aug. 10, consultancy AgRural said on Monday, up 7 percentage points from the previous week.
Romania aims to double the monthly transit capacity of Ukrainian grain to its flagship Black Sea port of Constanta to 4 million tonnes in the coming months, particularly via the Danube river, Transport Minister Sorin Grindeanu said.
Brazilian farmers had harvested 71% of the area planted for their second corn crop in the center-south region by Aug. 10, consultancy AgRural said on Monday, up 7 percentage points from the previous week.
Chicago wheat fell on Monday as dealers did not expect much impact from a weekend incident where a Russian warship fired warning shots at a cargo ship in the Black Sea, with attention turning to large exports of Russia's big wheat crop.
Target is expected to post its first quarterly drop in revenue in about six years when it reports results on Wednesday, as the big-box retailer reels from a shift in consumer spending away from discretionary goods to services.
London cocoa futures rose on Monday with the market showing signs of resuming its recent uptrend, buoyed by crop concerns in West Africa, while sugar prices eased.
Casino operator MGM Resorts International MGM.N is finding Formula One's inaugural stop in Las Vegas is as much of a draw as its slot machines this year, and it is not the only company realizing that travelers are increasingly seeking out experiences beyond the traditional draws for tourists.
Australian police on Monday arrested a 45-year-old man travelling on a Malaysia Airlines flight from Sydney to Kuala Lumpur, following an in-flight incident, but said there was no threat to the community.
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