China on Monday issued new regulations to control the nation's pig production capacity after an aggressive expansion of farms over the past two years led to an oversupply of pigs and mounting losses.
Malaysian palm oil futures dropped on Monday as traders maintained a cautious stance and looked ahead to cues from an industry conference that started earlier in the day, while a stronger ringgit also weighed.
Chicago soybean futures extended gains on Monday after last week's three-year lows but plentiful supply from South America and weak U.S. exports limited gains, with speculators still betting on lower prices.
Nissan Motor on Monday said it was awaiting a final report from Japan's antitrust watchdog, which local media reported had found the automaker unilaterally reduced payments to dozens of subcontracted parts manufacturers upon delivery.
Japan's antitrust watchdog plans to issue an advisory to Nissan Motor after it found the automaker had unilaterally reduced payments to dozens of subcontracted parts manufacturers upon delivery, the NHK reported on Monday.
Global corn stockpiles are set to reach five-year highs later in 2024, undergoing their largest annual expansion in seven years. But the United States’ contribution to that growth is much larger than normal after a record harvest last summer.
Balenciaga designer Demna showed a lineup of new styles constructed from repurposed garments for his winter show in Paris, which he sent down a screen-lined runway on Sunday to an audience that included Kim Kardashian and Serena Williams.
Algeria's state grains agency OAIC has issued an international tender to buy soft milling wheat to be sourced from optional origins, European traders said on Sunday.
French farmers could stage more protests and blockades in the coming weeks to push the government to deliver on its promises to help the sector, the head of France's largest farming union FNSEA said on Sunday.
Indian farmers plan to march to the capital New Delhi on Wednesday as they push their demands for higher crop prices, a protest leader said, after several rounds of failed talks.
Malaysia is pushing for a renewed search for Malaysia Airlines Flight MH370, the transport minister said on Sunday, as the 10th anniversary of its disappearance in one of the world's greatest aviation mysteries approaches.
FXEmpire.com - Natural Gas Market Overview
U.S. natural gas futures demonstrated resilience last week despite low demand, influenced by favorable weather conditions and substantial supply. The market appears to be balancing bearish fundamentals against technical trading strategie
Bayer on Friday evening won a trial in a lawsuit brought by the family of an Arkansas woman who says she developed cancer from exposure to Roundup, one of thousands of lawsuits the German company is facing over the weedkiller, while another trial ended with a hung jury earlier in the day.
Chevron has indefinitely idled two biodiesel production facilities in the U.S. Midwest, the company confirmed on Friday, citing poor market conditions.
The gold price largely stayed flat for the first part of this week, but jumped on Thursday (February 29) after the release of the latest personal consumption expenditures (PCE) price index data. Core PCE, which excludes the more volatile food and energy categories, was up 0.4 percent month-on-month and 2.8 percent from the previous year. The PCE price index is the US Federal Reserve's preferred gauge for inflation, and is watched closely by experts who are looking for clues about when the central bank may start to lower interest rates.While the 2.8 percent year-on-year increase is the slowest since March 2021, the 0.4 percent month-on-month rise is the biggest since January 2023 and is quite a bit larger than December's uptick of 0.1 percent.Gold spiked even higher on Friday (March 1) after the Institute for Supply Management said its manufacturing Purchasing Managers Index (PMI) came in at 47.8 in February, which is weaker than expected. Readings below 50 indicate a contraction in manufacturing, and the PMI has now come in under that level for 16 months in a row. The yellow metal finished the week at US$2,082.69 per ounce. The Fed's next meeting is scheduled to run from March 19 to 20, and it now looks as though market participants are pricing in three rate cuts this year.
Bullet briefing — Critical metals, uranium and nickel
Chinese investors still pouring money into Canadian minersBack in 2022, Canada ordered three Chinese investors to sell their stakes in Canadian critical metals companies. The move was geared at restricting foreign investment in this sector, but new research from the University of Alberta shows that the landscape hasn't exactly changed — in 2023, investors in China and Hong Kong made at least a dozen investments worth C$2.2 billion in Canadian critical metals companies.That's up substantially from the C$62 million seen in 2022. As Dean McPherson, TMX Group's (TSX:X,OTC Pink:TMXXF) head of global mining, told Reuters this week, "What you are seeing is the reality, that there is no blockade of Chinese investments in Canada ... it is a perception issue."Sweden moves to lift uranium mining banPublic perception of uranium saw another shift this week as Sweden made moves to lift its ban on uranium mining and exploration. The moratorium has been in place since May 2018, but now the country has started a government investigation that could see it reverse course. The inquiry will conclude on May 15 of this year.Nickel execs sound the alarm on Indonesian supplyExecs at major nickel miners are sounding the alarm about the future of their businesses as cheap metal continues to flow from Indonesia. According to Bloomberg, about half of the world's largest mines are unprofitable at current prices.Indonesia's output of low-grade nickel has increased rapidly, and innovations in processing have allowed it to be refined into higher-quality products. Meanwhile, economic weakness has dampened demand. Non-Indonesian miners have the advantage of producing "greener" nickel, but that hasn't boosted buying."There is a serious structural challenge as a result of Indonesian nickel. They don’t seem to be letting up anytime soon," said Duncan Wanblad, group chief executive at Anglo American (LSE:AAL,OTCQX:AAUKF).
See INN at PDAC!
The Investing News Network team will be at the Prospectors & Developers Association of Canada convention from March 3 to 6. Better known as PDAC, the event brings together thousands of people in the resource industry. PDAC is always one of my highlights for the year, and I'm excited to be doing interviews with some of our most popular guests, including Rick Rule, Lobo Tiggre, Adrian Day, Brien Lundin and more.If you're at PDAC, I'd love to say hello — we'll be filming on the 700 level of the convention center, just outside Room 714B. If you're not attending, find us on YouTube and on X @INN_Resource as we post content from the show.
Want more YouTube content? Check out our expert market commentary playlist, which features interviews with key figures in the resource space. If there's someone you'd like to see us interview, please send an email to cmcleod@investingnews.com.And don't forget to follow us @INN_Resource for real-time updates!Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
Brazilian state-controlled oil company Petrobras said on Friday it will increase the average prices of jet fuel to distributors by 8.4% starting on Mar. 1.
FXEmpire.com - Upward momentum in natural gas stalled on Friday leading to a minor pullback to below Thursday’s 1.83 low. The low of the day was 1.81, a little shy of testing support around the 20-Day MA, which is currently at 1.795. A successful test of support at the 20-Day lin
In trading on Friday, shares of AngloGold Ashanti plc (Symbol: AU) crossed above their 200 day moving average of $19.13, changing hands as high as $19.54 per share. AngloGold Ashanti plc shares are currently trading up about 4.1% on the day. The chart below shows the one year
Large speculators trimmed their net short position in Chicago Board of Trade corn futures in the week to Feb. 27, regulatory data released on Friday showed.