Argentina's government on Wednesday announced a new plan setting a special exchange rate of 300 pesos per dollar to encourage soybean exports amid severe financial difficulties and foreign exchange shortages.
Chicago corn futures were higher on Wednesday and soybeans and wheat fell as the market readjusted from a technically oversold position and weather forecasts that showed improved planting conditions in the coming days, traders said.
Argentina's third plan to increase its foreign currency reserves by boosting soybean exports, to be announced on Wednesday, will take effect on Saturday until May 24, a government source said.
Russia's National Wealth Fund (NWF) stood at the equivalent of $154.5 billion as of April 1, Russia's finance ministry said on Wednesday, up from $147.2 billion on March 1.
Argentina's plan to increase its foreign currency reserves by boosting soybean exports, to be announced on Wednesday, will come into effect on Saturday and will run until May 24, a government source said.
Soft wheat exports from the European Union in the 2022/23 season that started in July had reached 23.15 million tonnes by April 2, compared with 21.52 million by the same week in 2021/22, data published by the European Commission showed on Wednesday.
Jordan's state grain buyer has purchased about 60,000 tonnes of animal feed barley to be sourced from optional origins in an international tender which closed on Wednesday, traders said.
Jordan's state grain buyer has purchased about 60,000 tonnes of animal feed barley to be sourced from optional origins in an international tender which closed on Wednesday, traders said.
Chicago wheat, corn and soybean futures eased again on Wednesday as weather for U.S. spring planting was forecast to improve in the coming days, analysts said.
The World Trade Organization raised its forecast for global trade growth this year, but still predicted a slowdown and warned of risks from the Ukraine war, geopolitical tensions, food insecurity, inflation and monetary policy tightening.
Conagra Brands Inc raised its full-year profit forecast on Wednesday, as the Slim Jim beef jerky maker bets on price increases and resilient demand for its frozen foods, snacks and other packaged meals.
Conagra Brands Inc raised its full-year profit forecast on Wednesday, as the Slim Jim beef jerky maker bets on price increases and resilient demand for its frozen foods, snacks and other packaged meals.
Deutsche Lufthansa said on Wednesday that it would sell the remaining part of airline caterer LSG Group to private equity firm Aurelius, three years after it first put the business up for sale.
Copper prices in London fell on Wednesday amid continuing concerns about global economic growth and a stronger dollar, although the fall was constrained by support from low inventories.
Five companies are believed
to be participating in a purchase tender on Wednesday by
Jordan's state grain buyer seeking 120,000 tonnes of animal feed
barley, European traders said.
(Reporting by Michael Hogan, writing by Gus Trompiz; editing by
Jason Neely)
((gus.trompiz@thomsonreuters.com; +33 1 49 49 52 18; Reuters
Messaging: gus.trompiz.thomsonreuters.com@reuters.net))
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White sugar futures on ICE surged to an 11-year high on Wednesday boosted by short-term supply tightness following lower-than-expected production in several countries.
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