U.S. wheat futures dropped 4.1% on Friday, with traders locking in profits from a rally sparked by escalations in the Russia-Ukraine war that raised the prospects of export disruptions from the two key global suppliers.
Large speculators increased their net short position in Chicago Board of Trade corn futures in the week to July 18, 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 raised their net long position in soybeans.
Consumers continue to splurge on air tickets. But travel patterns are shifting so often, partly due to work-life changes wrought by the pandemic, that airlines must constantly adapt on booking plane seats and remain cautious in forecasting demand and revenue.
U.S. wheat futures dropped on Friday, with traders locking in profits from a rally sparked by escalations in the Russia-Ukraine war that raised the prospects of export disruptions from those two key global suppliers.
The spike in grain prices in the days since Russia quit a deal allowing the safe Black Sea export of Ukraine grain "potentially threatens hunger and worse for millions of people," the United Nations' aid chief told the Security Council on Friday.
Most Latin American currencies slipped on Friday against a firm dollar, with traders awaiting major central bank decisions next week, while Russia's central bank surprised markets with a greater-than-expected 100-basis-point interest rate hike.
Brazil's 2023/24 coffee harvest has reached 66% of the total area by July 18, slightly below the historical pace for this time of the year, according to an estimate released on Friday by consultancy Safras & Mercado.
Almost 100% of EasyJet's cabin staff in Portugal walked out for five days on Friday and the union threatens with more strikes in the coming months if the company keeps rejecting the raises they demand.
New York cocoa futures on ICE were slightly lower on Friday, hovering just below a 12-year peak set earlier in the week as weaker-than-expected grindings data for North America added to concerns about the outlook for demand.
Shoppers are snapping up Barbie hoop earrings, perfume, jumpsuits, and dresses as retailers seek to cash in on Friday's Barbie film release, reigniting the craze for the plastic doll and her hot pink, sequin-adorned universe.
Indian metals-to-oil conglomerate Vedanta reported a 40.8% plunge in first-quarter profit on Friday, as weak commodity prices outweighed a slight increase in production and sales for metals like aluminium.
London Metal Exchange (LME) stocks of zinc have risen above 90,000 metric tons for the first time since May of 2022 thanks to a surge of deliveries into Singapore.
India's decision to ban non-basmati white rice exports will spur traders to cancel contracts to sell around 2 million metric tons of the grain, worth $1 billion, on the world market, dealers said on Friday.
Trulieve Cannabis said on Friday its Chief Financial Officer, Tim Mullany, has quit the pot producer on July 20 for personal reasons, just 10 days after taking over the role.
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