Chicago wheat futures edged up on Wednesday, boosted by renewed Russian criticism of the deal allowing Ukraine to export grain from Black Sea ports, while soy and corn also ticked higher.
French group LVMH reported a 17% rise in first-quarter sales, lifted by a return to strong business in China, which is serving as a relay of growth just as shoppers in the United States begin to ease off a months-long, post-pandemic splurge.
India's cotton exports are expected to slide sharply for 2022-23 and match imports into the top producer for the first time in about two decades on low domestic stocks among other factors, the United States Department of Agriculture (USDA) said.
It’s no secret that lithium stocks are soaring, with industry darlings Sigma Lithium (SGML) and Liontown Resources (LINRF) leaping over 100% and 53% respectively in the past year.
Commodity trader Glencore has deposited more Russian aluminium in warehouses approved by the London Metal Exchange (LME) in the South Korean port of Gwangyang, one source with knowledge of the matter told Reuters.
U.S. stock indexes were higher on Wednesday after data showed consumer prices cooled faster than expected in March, raising hopes that the Federal Reserve could hit pause on its interest rate hiking cycle soon.
Soft wheat exports from the European Union in the 2022/23 season that started in July had reached 23.83 million tonnes by April 9, compared with 22.08 million tonnes in the corresponding period a year earlier, European Commission data showed on Wednesday.
Raw sugar futures on ICE turned lower on Wednesday after earlier climbing to an 11-year high with an expected pick-up in Brazil's production helping to lessen concerns about supply tightness.
Chicago soybean futures edged down on Wednesday, giving up some of the last session's gains, as a bumper harvest in Brazil and a slide in vegetable oil markets offset support from drought losses to Argentina's crop.
American Airlines Group Inc
said on Wednesday the carrier expects to report first-quarter
adjusted profit between $0.01 per share and $0.05 per share,
compared with its prior outlook of about break-even.
Britain's biggest supermarket group Tesco has cut the price of milk for the first time since May 2020, a possible early sign that a surge in food inflation may abate in the coming months.
Dan Aykroyd and Eddie Murphy got rich in the 1983 movie "Trading Places" by creating a fake crop report from the U.S. Department of Agriculture saying the U.S. orange crop would be bad, tricking the film’s antagonists into driving up orange juice futures before it was revealed the crop was fine.
Egypt's cabinet has raised the local wheat procurement price for the 2023 season to 1,500 pounds ($48.59) per ardeb (150 kilograms), it said in a statement on Wednesday.
Copper prices fell on Wednesday as investors worried about the strength of economic growth and metals demand and braced for U.S. inflation data that could impact interest rates.
Jordan's state grain buyer has issued an international tender to buy up to 120,000 tonnes of milling wheat which can be sourced from optional origins, European traders said on Wednesday.
Malaysian palm oil futures slipped on Wednesday to its lowest closing in 12 days as weak April exports and forecasts of higher output weighed on market sentiment.
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