U.S. stocks rallied on Friday, putting the tech-heavy Nasdaq on course for its biggest first-half gain in 40 years as inflation showed signs of cooling while Apple returned to a $3 trillion market valuation.
Funds are doubling down on bets for higher cocoa prices, seeing little reason to exit or even limit a trade that is making them healthy returns and leaving chocolate makers in despair as prices for the bean soar to 46 year highs.
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.
U.S. stocks rallied on Friday, putting the tech-heavy Nasdaq on course for its best first-half performance in 40 years as Apple touched $3 trillion in market value and signs of easing inflation comforted investors.
The European Commission on Thursday sharply cut its monthly forecast for this year's cereals harvests in the bloc with usable production of common wheat now seen 2.6 million tons lower than last month at 128.9 million metric tons.
European Union countries agreed on Friday to raise proposed targets for recycling and processing of raw materials required for its green transition and added aluminium to the list of essential minerals.
A foreign national shot dead two people at Moldova's main international airport on Friday after being denied entry into the country, police and the interior ministry said.
The U.S. Office of Special Counsel (OSC) has ordered the Department of Agriculture to investigate worker complaints about poor management and safety hazards at its flagship Maryland research facility, according to a letter seen by Reuters.
U.S. stocks rallied on Friday, setting up Wall Street for a strong second quarter, as Apple shares hit a record high and signs of easing inflation offered relief to investors worried about further interest rate hikes.
Wheat exporters in the European Union are facing a tougher start to the new season as massive supplies of cheaper Russian grain mop up international demand, leaving the EU reliant on Morocco and China to shift its export surplus, traders said.
Argentina's government raised the price of biofuels made from sugar cane or corn for its mandatory mixture with diesel in the local market, according to an official resolution published on Friday.
Some analysts and investors question Nike's move to sell its sneakers and clothing through other retailers including Macy's as Americans grow more cautious in their spending.
The number of people traveling by air in the United States for the Fourth of July holiday is expected to surpass pre-COVID levels for the first time in four years, but recent flight disruptions raise fresh questions about airlines' readiness to handle the summer travel rush.
Raw sugar futures on ICE rose on Friday but remained on track for a weekly loss with the focus on the expiry of the July contract while cocoa prices were also higher.
U.S. airline stocks on Friday were set to record their strongest monthly performance since 2021, helped by easing fuel prices and signs of robust travel demand during the summer season.
Brazil's 2023/24 coffee harvest has reached 45% of the total area by June 27, a report by agribusiness consultancy Safras & Mercado showed on Friday, up 6 percentage points from the previous week but still below the average for the period.
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