Most base metals fell on Tuesday, as a stronger U.S. dollar and lack of highly-anticipated Chinese stimulus weighed on investor sentiment, although a modest cut in Chinese lending rates lent some support to prices.
China's soybean imports from Brazil soared 40% in May, compared with a year-ago period, data showed on Tuesday, after big purchases of cheap beans arrived into Chinese ports.
Chicago wheat futures edged lower on Tuesday, as traders locked in profits after a recent rally despite persistent supply concerns amid uncertainty over the future of the Black Sea grain deal.
Malaysian palm oil futures rose for a sixth straight session on Tuesday, hovering near a six-week high touched in the previous session, as the ringgit weakened and traders fretted about lower output estimates.
Most base metals prices fell on Tuesday, as a strong dollar and an absence of details on further stimulus measures amid a rate cut from top consumer China weighed on sentiment.
Chicago wheat futures edged lower in early Asian hours on Tuesday, as traders locked in profits after a recent rally despite persistent supply concerns amid uncertainty over the future of the Black Sea grain deal.
Airbus announced a record 500-plane deal with Indian airline IndiGo on day one of the Paris Airshow on Monday, as strong demand for jets and air defences vied for attention with the industry's supply chain problems.
Algeria’s state grains agency OAIC has bought milling wheat in an international tender which closed on Monday with supplies expected to be sourced largely from Russia, European traders said in initial assessments.
Canada is investing C$350 million ($265 million) to help fund efforts to make the aerospace industry more environmentally sustainable, Innovation Minister Francois-Philippe Champagne said on Monday.
Robusta coffee futures on ICE rose on Monday, edging towards last week's record high, with the recent run-up fuelled by fund buying against a backdrop of supply concerns.
Below-average rain in most of Ivory Coast's cocoa growing regions last week could prevent disease after weeks of heavy downpours, farmers said on Monday.
Mexican President Andres Manuel Lopez Obrador said on Monday that he would sign an agreement this week with tortilla makers that ensures they only use non-genetically modified (GM) white corn.
Algeria’s state grains agency OAIC has started buying milling wheat in an international tender which closed on Monday, European traders said in initial assessments.
RTX expects to take a $500 million hit to free cash flow due to a supply chain problem with the GTF engine made by its Pratt & Whitney subsidiary, the company said during an investor day on Monday.
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