Geopolitical tensions are rising once again, and traders are concerned about what this implies for their portfolios and the global stock market, particularly gold prices.
Ukraine may export a further 15.6 million tonnes of grain in the April to June quarter, which would unexpectedly lift this season's exports to nearly 53 million tonnes, the AgroPortal agency quoted the first deputy farm minister as saying on Thursday.
Wall Street's main indexes fell on Thursday as latest labor market data pointed to slowing economic growth due to rapid interest rate hikes, with risk-wary investors looking forward to monthly jobs data for a clearer picture of the economy.
FXEmpire.com - Highlights
EIA storage report expected to show larger-than-average withdrawal
Storage surplus expected to decrease to five-year average but could increase in mid-April
Tighter supply/demand balance and bullish weather needed to erase storage cushion
Overview
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Levi Strauss & Co on Thursday topped Wall Street estimates for quarterly revenue, helped by steady demand for jeans and non-denim outfits such as chinos, tops and accessories despite persistently high inflation.
Although spring planting has begun in the United States, it will be a couple of weeks before farmers across the country are in full swing. Warm weather expected for mid-month should be friendly to their efforts.
Raw sugar futures on ICE rose to the highest level in 6-1/2 years on Thursday as low production in India helped to tighten supplies while cocoa prices also climbed.
Gambian authorities have detected the highly pathogenic H5N1 bird flu on a wild bird reserve, the ministry of agriculture said in a statement seen by Reuters on Thursday, less than one week after neighbouring Senegal reported an outbreak of the disease on a poultry farm.
Copper prices extended a rebound on Thursday, boosted by optimism over recovering demand in top metals consumer China as speculators acted on upbeat technical signals.
French President Emmanuel Macron urged China's Xi Jinping on Thursday to reason with Russia and help bring an end to the war in Ukraine as the two held the first of a series of high-level meetings in Beijing.
An aviation industry body has issued a warning about Vietnam's compliance with international aircraft leasing norms after a dispute over the repossession of four jets, raising questions over the cost of financing future deliveries.
Japan's Ministry of Agriculture, Forestry and Fisheries (MAFF) bought a total of 78,732 tonnes of food-quality wheat from the United States, Canada and Australia in a regular tender that closed on Thursday.
Indonesia, the world's biggest palm oil biodiesel user, is now working to introduce bioethanol mandates for gasoline to further cut fuel imports and carbon emissions, but it will first have to secure more bio feedstock and solve thorny technical problems.
Russia's agriculture ministry has no plans to cancel export tariffs on sunflower seeds, the Interfax news agency reported on Thursday citing a deputy agriculture minister.
Apple Inc on Wednesday revealed the look of its first retail store in India, as several people tried to catch a glimpse outside the store's black and yellow artwork patterned after Mumbai's iconic taxis.