El Nino has officially returned and is likely to yield extreme weather later this year, from tropical cyclones spinning toward vulnerable Pacific islands to heavy rainfall in South America to drought in Australia.
The Federal Aviation Administration (FAA) temporarily halted flights from the U.S. northeast, Ohio and Mid-Atlantic bound for New Philadelphia on Thursday, saying wildfire smoke from Canada was reducing visibility and impacting U.S. flights.
Chicago wheat futures rose on Thursday, paring earlier losses, on signs that Russia may refuse to extend the Black Sea grain export deal after an ammonia pipeline blast and gloomy prospects for some Ukrainian crops following the Kakhovka dam collapse.
Robusta coffee futures traded on the ICE exchange headed towards recent 15 year-highs on Thursday as worries grow about Brazil's crop, while cocoa hit fresh 6-1/2 year peaks.
Copper prices in London fell slightly on Thursday as concerns about central bank rate hikes and slowing global economic growth offset hopes of stimulus measures for the troubled property sector in top consumer China.
The Kremlin said on Thursday that a blast which damaged a pipeline that used to transport ammonia fertiliser from Russia via Ukraine which Moscow wants restarted would have a negative impact on the Black Sea grain deal.
Tunisia's foreign currency reserves have dropped to levels worth just 91 days of imports, their lowest in four years, central bank figures showed on Thursday.
Ukraine could lose several million tonnes of crops because of flooding caused by the destruction of the Kakhovka dam in the south of the country, the Ukrainian agriculture ministry said on Thursday.
Ukraine could lose several million tonnes of crops because of flooding caused by the destruction of the Kakhovka dam in the south of the country, the Ukrainian agriculture ministry said on Thursday.
Leading South Korean animal feed maker Nonghyup Feed Inc. (NOFI) has bought an estimated 66,000 tonnes of animal feed corn in an international tender for up to 138,000 tonnes on Thursday, European traders said.
The Kremlin on Thursday said that a blast on the Togliatti-Odesa ammonia pipeline week was a complicating factor that could "only have a negative impact".
Scandinavian airline SAS said on Thursday it would demand compensation for disruptions caused by a shortage of air traffic controllers at Copenhagen Airport, the carrier's biggest hub.
The Egyptian government has
procured 3.2 million of tonnes of local wheat from farmers so
far this season, Kamal Hashem, chairman of the state-run General
Company for Silos and Storage said on Thursday.
(Reporting by MoMomen Saeed Atallah
Writing by Tala Ramadan
Editing by David Goodman
)
((Tala.Ramadan@thomsonreuters.com;))
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Most base metal prices fell on Thursday as Canada's rate
interest hike fuelled fears of hawkish central banks, while
investors and traders cautiously awaited China's stimulus
measures.
European low-cost airline Wizz Air said it would make a net profit of 350 million to 450 million euros in its current financial year, as strong demand for travel and its expanding fleet put it on track for growth.