Russia warned that ships sailing to Ukraine's Black Sea ports from Thursday will be seen as potential military targets, days after its withdrawal from a safe-passage deal that threatens to worsen global food supplies.
The end of the Ukraine grain export deal and an unfavorable U.S. weather outlook sent Chicago-traded wheat and corn futures soaring on Wednesday, causing pain for speculators holding short positions.
Russia warned that from Thursday any ships traveling to Ukraine's Black Sea ports will be seen as possibly carrying military cargoes, after Ukraine said it was setting up a temporary shipping route to try and continue its grain exports.
U.S. wheat futures jumped 8.5% on Wednesday, their biggest daily gain since days after Russia's invasion of Ukraine, as intensification of the war threatened to slow grain export shipments from a major global supplier.
The White House on Wednesday expanded its war on junk fees to the rental housing market, announced a crackdown on price-fixing in food and agricultural markets, and unveiled draft merger guidelines as part of an ongoing push to aid U.S. consumers.
United Airlines Holdings on Wednesday lifted its full-year profit outlook after posting the highest ever quarterly earnings on booming demand for international travel.
United Airlines Holdings on Wednesday lifted its full-year profit outlook after posting the highest ever quarterly earnings on booming demand for international travel.
American Airlines and its pilot union have begun negotiations to improve their tentative contract agreement on Tuesday ahead of a crucial vote on the contract, according to a union memo seen by Reuters.
Coming rains are expected to help Argentina's farmlands continue to recover from the South American country's worst drought on record, the Buenos Aires Grains Exchange said on Wednesday.
President Vladimir Putin on Wednesday accused Western countries of perverting the expired Black Sea grain deal for their own ends, but said Russia would immediately return to the agreement if all its conditions were met.
Brazilian production of second-corn, which is planted after soybeans are harvested in the same areas, will hit a record 107.2 million metric tons, up 16% from last season, agribusiness consultancy Agroconsult said on Wednesday.
The Brazilian government's proposal to increase ethanol blending in gasoline to 30% from 27% currently would lead to using an additional 3.5% of the country's recoverable sugar to make ethanol, a study by Citi Research showed.
U.S. antitrust regulators published guidelines on Wednesday on the kinds of mergers and acquisitions they object to, reaffirming the skepticism with which President Joe Biden's administration has approached many deals, especially in the technology sector.
U.S. wheat futures soared on Wednesday, with the most-active Chicago Board of Trade soft red winter wheat contract briefly hitting its daily trading limit, as escalations in the Russia-Ukraine war threatened to slow grain export shipments, traders said.
Bluebell Capital has taken a stake in French luxury group Kering and is pushing for change, including looking at a tie-up with Cartier-owner Richemont, two sources close to the matter told Reuters on Wednesday.
American Airlines and its pilot union have begun negotiations to improve the tentative contact agreement after the company's CEO spoke with the union's chief on Tuesday, according to a union memo seen by Reuters.
Japan will soon lift bird flu-related restrictions on poultry trade imposed on two Brazilian states after cases were detected in backyard animals, Brazilian Agriculture Minister Carlos Favaro said during a televised interview on Wednesday.
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