India's palm oil imports sank to a 27-month low in May as buyers cancelled expensive cargoes of the edible oil and replaced them with cheaper soyoil and sunflower oil, six dealers told Reuters on Tuesday.
A possible extension next month of a deal allowing the safe wartime export of grains and fertilizers from three Ukrainian Black Sea ports could hinge on the reopening of a pipeline that delivers Russian ammonia to one of those Ukrainian ports.
Malaysian palm oil futures fell on Tuesday after two consecutive sessions of gains, with traders awaiting an industry survey on May inventories, while a softer ringgit lent some support to the market.
Stocking shelves with low-priced notebooks and slashing prices on sneakers and uniforms, major retailers including Walmart, Foot Locker and Marks & Spencer are preparing for a challenging back-to-school shopping season this year.
Chicago corn rose more than 1% on Tuesday after a weekly government report showed a sharp decline in U.S. crop rating amid hot and dry weather in parts of the Midwest grain belt.
Parts of the U.S. Corn Belt have been historically dry over the last month, pressuring both corn and soybean health and offering an early challenge to the government's record yield forecasts.
There was another raid on London Metal Exchange (LME) aluminium stocks last week. While headline inventory fell by a marginal 1,475 tonnes over the holiday-shortened week, available stocks slumped by 19% thanks to 83,875 tonnes of net cancellations.
Global airlines on Monday more than doubled their forecast for the industry's 2023 profit but warned delays in getting planes to cope with rising demand could dampen their post-pandemic recovery.
Bed Bath & Beyond Inc is in talks to sell its Buybuy Baby chain to retail investment firm Go Global Retail, the Wall Street Journal reported on Monday citing people familiar with the matter.
The U.S. Department of Agriculture rated 64% of the U.S. corn crop in good to excellent condition in its weekly crop progress report on Monday, down 5 percentage points from a week ago and below the lowest in a range of estimates in a Reuters poll.
Chicago Board of Trade corn and soybean futures fell on Monday, retreating from gains made during the overnight trading session on signs that already light export demand for U.S. supplies had weakened further, traders said.
Australian winter crop production is set to fall from record highs, according to the country's agricultural department, as forecasters predict drier weather after three years of record rainfall brought on by back-to-back La Nina weather patterns.
Raw sugar futures traded on the ICE exchange closed down on Monday, hitting the lowest prices in six weeks earlier in the session, as supply concerns ease, while arabica coffee recovered.
U.S. wheat futures rose on Monday, with the most-active Chicago Board of Trade soft red winter wheat contract hitting its highest since May 17, on concerns that dry soils will limit the size of harvest in some European and Black Sea growing areas.
A U.S. judge has appointed a group of four plaintiffs' firms to lead multidistrict litigation in North Carolina accusing the world's largest seed and pesticide manufacturers of participating in a conspiracy with distributors to squelch competition.
The U.S. Department of Agriculture (USDA) is expected to rate 67% of the country's corn crop in good to excellent condition in its weekly crop progress report, down 2 percentage points from a week ago, according to the average estimate in a survey of 11 analysts on Monday.
Stocks of green coffee improved slightly in Europe at the end of April, but remained at the lowest in five years in Japan, two of the largest areas for coffee consumption in the world along with the United States and Brazil.
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