Large speculators trimmed their net short position in Chicago Board of Trade corn futures in the week to May 16, regulatory data released on Friday showed. The Commodity Futures Trading Commission's weekly commitments of traders report also showed that noncommercial traders, a category that includes hedge funds, trimmed their net short position in CBOT wheat and cut their net long position in soybeans. SUPPLEMENTAL Non-Comm Indexes Comm
Russian officials and business leaders have signed multiple deals with Cuban counterparts at a forum in Havana this week, agreeing to work together to boost sugar and rum output, assure wheat and crude oil supply to the communist-run island, and overhaul crumbling tourist facilities.
Robusta coffee futures on ICE gained 6% during the week and hit a fresh 12-year high on Friday as supplies remained tight, while sugar and cocoa prices also climbed.
U.S. stocks fell modestly on Friday as early gains evaporated after U.S. debt ceiling negotiations in Washington were paused, denting optimism a deal could be reached soon to sidestep a default.
Chicago Board of Trade (CBOT) soybean futures slid sharply on technical trading on Friday, as investors rushed to liquidate their positions ahead of the weekend, traders said.
Adidas will start selling some of the shoes from its defunct Yeezy partnership with rapper Kanye West at the end of May, the company said on Friday, and plans to donate the proceeds to selected organisations combating racism and hate.
Chilean state miner Codelco, the world's largest copper producer, said on Friday it had created two subsidiaries to run a newly mandated lithium business amid a government plan to increase state control over the industry.
Adidas will
start selling some of the merchandise from its defunct Yeezy
partnership with rapper Kanye West at the end of May and donate
the proceeds to international organisations, the company said on
Friday, providing more details of a plan initially outlined last
week.
Brazil is investigating another four new potential cases of highly pathogenic avian influenza (H5N1) in wild birds, according to authorities from the state of Espirito Santo, where Brazil's first ever cases were confirmed this week.
Brazil's 2023/24 coffee harvest has reached around 9% of the total area, according to an estimate released on Friday by consultancy Safras & Mercado, who said that field work rhythm has improved in recent days.
Chicago corn futures rose on Friday amid a spate of bargain buying, pulling prices up in a technical rebound from sharp lows a day earlier, traders said.
Brazilian pork and poultry processor BRF SA said it can trace all of its grain directly supplied from the Amazon and the Cerrado biomes to try to prevent any habitat destruction, although it cannot yet trace all of its indirect supplies.
A Spanish court on Friday ordered Jade Jagger, the daughter of Rolling Stones singer Mick Jagger, to pay 2,200 euros ($2,422) in fines and compensation for attacking a police officer on the island of Ibiza.
India's Dalmia Bharat Sugar and Industries Ltd on Friday said its fourth-quarter profit nearly doubled, aided by higher sales in their sugar and distillery segments.
France's largest poultry producer, LDC, warned on Friday that an upsurge in bird flu cases in the southwest might lead to the virus spreading to the country's major producing regions that were ravaged by it last year.
Kyiv would consider allowing Russian ammonia to transit its territory for export on condition the newly-renewed Black Sea grain deal is expanded to include more Ukrainian ports and a wider range of commodities, a government source told Reuters.