U.S. corn shippers should be in their peak season, but key buyer China has cancelled cargoes this week, placing more scrutiny on export potential, particularly with a massive harvest expected out of Brazil by mid-year.
Trade consultations requested by the United States on Mexico's plan to limit the use of genetically modified corn are an "unacceptable violation" of Mexican law and feed the interests of seed "oligopolies," a top Mexican official said on Thursday.
Marathon Petroleum will pay a $27.5 million penalty and surrender emissions trading credits after the operator of the Martinez, California, plant violated a legal agreement requiring it to lower pollution levels, the U.S. Department of Justice said on Thursday.
The U.S. ethanol industry is lobbying the Biden administration to ensure lower-carbon aviation fuel made from ethanol will qualify for subsidies under the Inflation Reduction Act, arguing such provisions are crucial to meeting U.S. climate goals.
Chicago wheat futures fell for a seventh straight session on Thursday and touched a 21-month low on export competition while corn hit a nine-month low, walloped by cancellations of U.S. corn sales to China.
Norwegian metals maker Norsk Hydro on Thursday raised its offer for Alumetal, nearly a year after it made its bid to buyout the Polish recycler in an attempt to strengthen its recycling profile in Europe.
Raw and white sugar futures on ICE rose to 11-1/2 year peaks on Thursday, with supply concerns heightened by recent rains in Brazil, while coffee prices fell.
As Tiffany & Co. celebrates its freshly refurbished New York City flagship, "The Landmark," behind the scenes, top executives are also focused on a retail overhaul further afield -- in China, its second biggest market.
Lufthansa is hopeful of finalising the partial takeover of Italy's state-owned ITA Airways within days, an executive at the German carrier said on Thursday, describing talks with the Italian government as "very good."
Norwegian metals maker Norsk Hydro has renewed its bid for
Polish recycler Alumetal with an increased offer of around 267 million euros ($294
million), compared to 232 million euros offered last year, the company said on Thursday.
Algeria’s state grains agency OAIC is believed to have bought milling wheat in an international tender on Thursday which sought limited shipment to two ports only, European traders said.
Brazil's government said on Thursday it could not interfere with a landmark EU law banning imports of commodities linked to deforestation, but will keep farming according to its own laws.
Copper prices rebounded after slumping to their lowest in nearly four months on Thursday after U.S. economic data spurred gains in the dollar and investors worried about demand in top metals consumer China.
Colombia's coffee-growers' federation elected agricultural engineer German Alberto Bahamon as its new director on Thursday, as the group grapples with trying to increase output, reduce production costs and maintain its beans' international profile.
The European Commission on Thursday sharply raised its outlook for wheat stocks at the end of this season as it reduced forecast exports and increased expected imports.
Chicago wheat touched another 21-month low on Thursday while corn hit an eight-month low as export competition and cancelled sales by China hung over grain markets.
The European Commission on Thursday cut its forecast for European Union exports of common wheat, or soft wheat, this season to 31 million tonnes from 32 million expected a month ago.
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