Strategie Grains has raised its outlook for European Union soft wheat exports next season but lowered its view on projected shipments in the current 2022/23 season due to a lack of competitiveness versus Russian wheat, the consultancy said on Thursday.
Airlines and aircraft repair shops in North America are increasingly relying on used and generic parts to keep jets flying, a symptom of the rising costs and supply-chain shortages plaguing the aerospace industry.
Farm office FranceAgriMer on Thursday lowered its forecast for French soft wheat exports outside the European Union in the 2022/23 season to 10.40 million tonnes, down from the 10.45 million projected in March.
Luxury shoppers in the United States are curtailing purchases of high-end fashion and leather goods, LVMH's first-quarter sales report showed, adding to evidence that a strong, months-long, post-pandemic splurge may be ending.
Farm office FranceAgriMer on Thursday lowered its forecast of French soft wheat exports outside the European Union in the 2022/23 season to 10.40 million tonnes from 10.45 million projected in March.
Japan's Ministry of Agriculture, Forestry and Fisheries (MAFF) bought a total of 78,548 tonnes of food-quality wheat from the United States and Canada in a regular tender that closed on Thursday.
European shares edged higher on Thursday, supported by gains in luxury stocks after LVMH's strong first-quarter sales report and hopes of a pause in the U.S. Federal Reserve's rate hike cycle following cooler-than-expected inflation data.
The Taiwan Flour Millers' Association purchased an estimated 52,850 tonnes of milling wheat to be sourced from the United States in a tender on Thursday, European traders said.
LVMH shares jumped in early Paris stockmarket trade on Thursday after the company, Europe's largest blue chip by market capitalisation, reported a 17% rise in first-quarter sales, more than double analysts' expectations, the day before.
Several Teck Resources Ltd shareholders called on Wednesday for Glencore Plc to sweeten its takeover bid for the copper-and-zinc miner, saying the offer is still not high enough for them to oppose Teck's own restructuring plan.
Prices of most base metals in London were under pressure on Thursday as recession fears again dampened demand outlook, despite support from a shaky U.S. dollar.
China's soybean imports in March rose 7.9% from the same month a year earlier, data showed on Thursday, as buyers in China stocked up ahead of expected strong demand.
China's plan to set up a no-fly zone to the north of Taiwan on April 16 will affect about 33 flights, Taiwan's official Central News Agency (CNA) reported, citing the island's transport minister, Wang Kwo-tsai.
China imported 408,174 tonnes of unwrought copper and copper products in March, down 19% from a year earlier, data from the General Administration of Customs showed on Thursday.
China, the world's top buyer of soybeans, imported 6.85 million tonnes of the oilseed in March, customs data showed on Thursday, up 7.9% on the same period a year earlier.
Malaysian palm oil futures extended their decline to a second session on Thursday, as softer rival oils and weak exports so far in April pressured prices.
Chicago soybean futures climbed to a one-week high on Thursday, while corn gained for a second session with a further reduction in Argentina's crop outlook underpinning prices.
Prices of most base metals rose on Thursday as a shaky U.S. dollar made it more attractive to buy the greenback-priced commodity, although the gains were capped by global demand outlook stemming from fears of a recession.
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