It is common for June to deliver many ups and downs for Chicago corn and soybean futures, but those swings have been especially strong this year with expanding U.S. drought up against forecasts for a wetter July pattern.
The Dow and the S&P 500 advanced on Thursday as bank shares rallied after major lenders cleared the Federal Reserve's annual stress test, while strong economic data stoked expectations of further interest rate hikes from the central bank.
Snapshot of the global export markets for grains, oilseeds and edible oils reported by government and private sources as of the end of business on Thursday:
Nike on Thursday beat Wall Street estimates for quarterly revenue as the world's largest sportswear maker benefited from a recovery in China but margins remained under pressure due to higher markdowns.
The Dow and the S&P 500 rose on Thursday as bank shares rallied after major lenders cleared the Federal Reserve's annual stress test, while strong economic data stoked expectations of further interest rate hikes from the central bank.
Argentina's wheat harvest for the 2023/2024 season is estimated at 18-19 million metric tons, according to a government forecast issued on Thursday, up by about half compared to the previous drought-stricken harvest.
U.S. corn futures fell to their lowest in nearly three weeks on Thursday as rains bolstered production prospects in the Midwest and traders braced for key acreage and stocks data due Friday from the U.S. Department of Agriculture.
U.S. stock indexes ticked up on Thursday as bank shares rose after major lenders cleared the Federal Reserve's annual stress test, while strong economic data stoked expectations of further interest rate hikes from the central bank.
Brazil's government is set to buy 500,000 metric tons of corn as it looks to start rebuilding public food stocks, fulfilling one of President Luiz Inacio Lula da Silva's campaign pledges, the head of food agency Conab said on Thursday.
Deliveries against Chicago Board of Trade (CBOT) July corn and soybean futures should be light on Friday, the first notice day, traders and analysts said on Thursday, citing relatively firm cash markets.
British supermarket group Sainsbury's said on Thursday it was cutting the price of own-brand milk for the second time in three months, adding to a body of evidence that a surge in grocery inflation will moderate this year.
Top executives and major law enforcement agencies in the U.S. are fretting about organized crime rings targeting retailers' stores and trucks for goods they can resell online.
The most intense drought to hit the U.S. Midwest farm belt since 2012 deepened over the past week, sapping soil moisture and threatening crop yield potential in the heaviest corn and soybean production areas of the United States.
Mexican President Andres Manuel Lopez Obrador on Thursday vowed to clean up cases of fraud and corruption at Segalmex, a government organization aimed at promoting food self-sufficiency in the agricultural sector.