Chicago corn futures climbed almost 5% on Monday, adding to last session's rally, while wheat rose to its highest since late-June with strong demand driving prices higher.
Asian shares started cautiously on Monday as investors braced for a U.S. inflation report that could force another super-sized hike in interest rates, and the start of an earnings season where profits could be under pressure.
South Korea's central bank will deliver its first-ever 50 basis point rate rise to 2.25% on Wednesday, turning up the heat on a rate-hiking campaign as inflation tops a 24-year high and has yet to peak, a Reuters poll showed on Monday.
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(RTTNews) - The Hong Kong stock market has moved higher in back-to-back trading days, advancing almost 140 points or 0.7 percent along the way. The Hang Seng Index now sits just above the 21,725-point plateau and it's expected to remain in that neighborhood again on Monday.
Japan's core machinery orders slipped for the first time in three months in May, hurting hopes that a pickup in business spending would offset pressure on an economy struggling with surging costs of energy and other imports due to a weak yen.
Indonesia's central bank may raise interest rates in the current quarter to contain future pressure on core inflation, but any hike will not be aggressive and the size will hinge on the scale of energy subsidies next year, its governor said on Friday.
Duty-free retailer Dufry said on Monday it would acquire Italian airport and motorway caterer Autogrill, expanding the Swiss company's growth opportunities in international markets as travel rebounds.
(RTTNews) - The Taiwan stock market has finished higher in two consecutive trading days, improving nearly 480 points or 3.4 percent in that span. The Taiwan Stock Exchange now rests just above the 14,460-point plateau although it may be stuck in neutral on Monday.
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(RTTNews) - The South Korea stock market has moved higher in two straight sessions, advancing almost 60 points or 2.7 percent along the way. The KOSPI now rests just above the 2,350-point plateau although it may see some profit taking on Monday.
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Myanmar's junta government is installing Chinese-built cameras with facial recognition capabilities in more cities across the country, three people with direct knowledge of the matter said.
Australian shares are on track to open marginally higher on Monday as surging inflation and prospects of a renewed global rate hike cycle amid worries of an economic slowdown kept risk appetite in check.
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Donald Trump's former close adviser Steve Bannon has told the congressional panel investigating the Jan. 6, 2021, attack on the U.S. Capitol that he is ready to testify, a change of heart days before he is due to be tried for contempt of Congress.
British Foreign Secretary Liz Truss has launched her leadership bid to serve as Britain's next prime minister, replacing Prime Minister Boris Johnson, according to an op-ed in The Telegraph on Sunday.