Oil prices have been showing weakness for the past few weeks, raising the question of where we are headed from here. Here are some of the factors to which traders need to pay attention that are behind the current price move.
The Egyptian government has procured three million tonnes of local wheat from farmers so far, the chairman of the state-run General Company for Silos and Storage told Reuters on Tuesday.
Arabica coffee futures traded on the ICE exchange plumbed near two-month lows on Tuesday as the harvest gets underway in top producer Brazil, while raw sugar steadied.
Ukraine is seeking guarantees from Moscow and the U.N. that a deal on the safe export of Black Sea grain will work normally if Kyiv allows Russian ammonia to transit Ukrainian territory, a Ukrainian official said on Tuesday.
The European Commission has increased its monthly forecasts for this year's European Union soft wheat and rapeseed harvests, while lowering its outlook for barley and maize, data posted by the EU's executive showed.
Buyers in the United States are believed to have last week purchased about 60,000 tonnes of European Union origin wheat expected to be sourced about half each from Poland and Germany, European traders said on Tuesday.
U.S. holiday air passenger travel topped 2019 pre-COVID levels over the Memorial Day weekend, which typically marks the start of the busy U.S. summer air travel season, figures from the U.S. Transportation Security Administration (TSA) showed on Tuesday.
Arabica coffee futures traded on the ICE exchange plumbed near two-month lows on Tuesday as the harvest gets underway in top producer Brazil, while raw sugar steadied.
Speculators nearly abandoned bullish bets in Chicago soybeans last week as global supplies are seen sufficiently building over the next year, but a short-covering bounce mid-week prevented an official move to the bearish side.
Copper prices inched lower on Tuesday, hovering near last week's six-month low ahead of Chinese data that is expected to show a further contraction in factory activity.
Chicago wheat futures slid 1.5% on Tuesday with the market giving up previous session's gains as expectations of a bumper harvest in Russia, the world's biggest exporter of the grain, pressured prices.
Malaysian palm oil futures ended lower for a second consecutive session to log its worst day in two weeks as rival edible oils fell, with oversupply worries denting investor sentiment on Tuesday.
Agri-food giant Olam Group does not expect the dual initial public offering (IPO) of its agricultural unit, Olam Agri, in Singapore and Saudi Arabia to be completed in the first half of this year as originally planned, it said on Tuesday.
India's aviation watchdog has put on hold requests from lessors to repossess planes from airline Go First as the carrier's bankruptcy process imposes a freeze on assets which supersedes such requests, it said in a court filing.
Vietnam-focused private equity firm Mekong Capital is looking to build a climate fund worth up to $200 million as early as next year, focusing on investments that will help with the regeneration of forests in the Mekong region.
Copper prices fell on Tuesday as the U.S. dollar hit a two-month peak, making the greenback-priced metal more expensive to holders of other currencies.
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