Brazilian President Luiz Inacio Lula da Silva's inability to accompany a government mission to China frustrated meat industry lobbyists who had hoped his presence this week would help persuade Beijing to issue more export licenses for Brazilian companies, according to two sources, who spoke on condition of anonymity.
New York cocoa futures on ICE closed lower on Wednesday, with a pick-up in producer selling helping to stall the recent run-up in prices. Raw sugar and coffee also fell.
Chicago wheat futures rallied and closed higher on Wednesday, after global grain trader Cargill Inc said it would take a further step back from the Russian market by no longer handling the top wheat supplier's grain at its export terminal from July.
Saudi Arabia's Capital Markets Authority (CMA) said on Wednesday it had approved First Milling Company's application for an initial public offering (IPO) of 30% of its share capital.
Brazil is poised to supply up to half of the soybeans that Argentina will import after the worst drought in 100 years devastated its fields and cut 2023 output nearly in half, analysts said.
Chicago wheat futures rose to a more than four-week high on Wednesday after grain trader Cargill said it would stop handling Russian grain from its export terminal in the world's largest wheat exporter.
American sugar users have quickly increased the amount of beet sugar they have bought for delivery in the new season whose planting starts in April despite high prices, looking to guarantee supplies amid a global supply tightness.
Cargill said on Wednesday it would take a further step back from the Russian market by stopping handling Russian grain from its export terminal from July, although its shipping unit will continue to carry grain from Russian ports.
Sudan will need to import 3.5 million tonnes of wheat this year because of a 30% drop in the projected local harvest after farmers switched to planting different crops, the U.N. Food and Agriculture Organization (FAO) said on Wednesday.
United Airlines Holdings Inc has reached tentative agreements with the International Association of Machinists and Aerospace Workers (IAM) for providing improved wages to its nearly 30,000 ground workers, the union said on Wednesday.
E nergy giant Repsol has bought into Europe's drive for green jet fuel, but believes the 200 million euro ($217 million) plant it is building in southeast Spain faces a bumpier ride than if it was on the other side of the Atlantic.
Humza Yousaf was sworn in as Scotland's new leader on Wednesday in a ceremony blending formal tradition with his Pakistani heritage, then announced his first cabinet in a move that risked deepening the divisions in his governing party.
Global grain trader Viterra is planning to stop grain trading in Russia, the world's largest wheat exporter, Bloomberg News reported on Wednesday, citing people familiar with the matter.
Macy's Inc Chief Executive Jeff Gennette will retire next year after four decades with the U.S. department store chain, the company said on Wednesday and named insider Tony Spring as his successor.
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