Malaysian palm oil futures rose for a third session on Monday to its highest in more than two months, tracking a sharp rally in rival Chicago soyoil on concerns over smaller U.S. planting and inventories.
Chicago soybean futures gained more ground on Monday, rising almost 2% and climbing to a more than one-week high as lower U.S. planting and inventories raised concerns over supplies.
Copper prices rose on the first trading day in the second half this year, buoyed by better investor sentiment, while increased supplies and demand concerns weighed on the market.
India's annual monsoon covered the entire country on Sunday, six days earlier than usual, the state-run weather office said, but rain totals are 10% below average so far this season.
Chicago soybean futures gained more ground on Monday, climbing a more than one-week high as lower U.S. planting and inventories raised concerns over world supplies.
Russia's envoy to the United Nations in Geneva said there were no grounds to maintain the "status quo" of the Black Sea grain deal that is set to expire on July 18, the Russian news outlet Izvestia reported on Monday.
Speculators continued covering short positions in U.S. grains and oilseeds through June 27 despite a sizable tumble in futures from the week’s highs. However, selling in corn may have been revived late last week on a highly bearish U.S. supply outlook.
Algeria’s state grains agency OAIC has issued an international tender to purchase a nominal 50,000 metric tonnes of durum wheat, European traders said on Sunday.
Tyson Foods is reintroducing certain antibiotics to its chicken supply chain and will drop its "no antibiotics ever" tagline from Tyson-branded chicken products, a Tyson spokesperson said on Sunday.
United Airlines plans to make changes in flight operations to avoid weather-related disruptions ahead of the Fourth of July holiday travel, Chief Executive Officer Scott Kirby said on Saturday.
Rossiya Airlines, part of Russia's Aeroflot group, on Saturday resumed scheduled flights to Cuba, which had been suspended since Western countries shut Russia out of their airspace in response to its invasion of Ukraine.
U.S. soybean futures surged about 6% on Friday after the U.S. Department of Agriculture (USDA) reported much lower-than-expected 2023 soy plantings and June 1 inventories, while corn futures tumbled on larger-than-expected acreage.
Wall Street's three major indexes advanced solidly on Friday, with the tech-heavy Nasdaq boasting its biggest first-half gain in 40 years as inflation showed signs of cooling while Apple closed with a $3 trillion market valuation for the first time.
Canada's main stock index rose on Friday, closing the month at its highest level since January, boosted by gains in the technology and material sectors, while Bausch + Lomb jumped after buying a dry-eye drug.
Wall Street indexes closed higher on Friday, with the tech-heavy Nasdaq posting its biggest first-half gain in 40 years as inflation showed signs of cooling while Apple returned to a $3 trillion market valuation.
Large speculators switched to a net long position in Chicago Board of Trade corn futures in the week to June 27, regulatory data released on Friday showed.
Argentina's economic slumped 4.2% in April from a year earlier, the country's official INDEC statistics agency said on Friday, the worst drop since October 2020 and far lower than the 1.5% decline forecast by analysts as farming production slid.
Raw sugar futures on ICE rose sharply on Friday, but still fetched a 5.3% weekly loss, as the July contract expired with a modest delivery, while robusta coffee saw a large downward correction for the week.
United Airlines said there were far fewer cancellations on Friday compared to previous days but warned storms in Denver, Chicago and the East Coast remained a challenge ahead of the Fourth of July holiday travel.
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