London cocoa futures on ICE extended gains on Friday, heading towards recent record highs as technical signals pointed to increased market tightness. Meanwhile, robusta coffee traded near its highest in at least 16 years.
The head of the Federal Aviation Administration told Reuters on Friday that the agency plans "closer monitoring" of the 737 MAX 9 after the plane returns to service following a mid-air cabin blowout.
Brazilian soybean growers in Mato Grosso state, the country's biggest producer, will harvest an estimated 35.75 million metric tons of the oilseed in the 2023/2024 cycle, representing a fall of 9.56 million tons from the previous season, state farmer group Aprosoja-MT said on Friday.
U.S. corn stocks of 12.169 billion bushels on Dec. 1 were the biggest for that date since 2018, the U.S. Department of Agriculture said on Friday, as grain stockpiles loosen globally.
U.S. corn inventories last month swelled to their largest level since 2018, the U.S. Department of Agriculture said on Friday, as global supplies recover from multi-year lows.
Wall Street's main indexes were poised for a subdued open on Friday after a softer-than-expected inflation report that boosted bets for early rate cuts was overshadowed by weak earnings reports from big banks.
Korean Air is expected to win EU antitrust approval to buy Asiana Airlines after the companies pledged to sell the latter's cargo unit and divest routes to four European cities, two people with direct knowledge of the matter said.
Sugar output from Brazil's top producing region could jump to a record 43.1 million metric tons in the 2024/25 season despite lower supplies of the cane crop, sugar and ethanol consultancy Datagro said on Friday.
Anheuser-Busch InBev will be an official sponsor for three Olympic Games starting with the Paris 2024 summer event this year, the brewer said on Friday, naming its alcohol-free Corona Cero as the official beer of the Games.
Airlines in the United States canceled about 1,400 flights on Friday after a massive winter storm knocked out power and affected businesses in 12 states, with forecast for a brutal freeze over the weekend.
The Federal Aviation Administration (FAA) said Friday it will significantly increase oversight of Boeing production and manufacturing, conducting a new audit of the Boeing 737-9 MAX production line and its suppliers following an emergency landing Friday.
EU antitrust regulators are set to clear Korean Air's proposed acquisition of Asiana Airlines after the companies pledged to sell the latter's cargo unit and divest routes to four European cities, two people with direct knowledge of the matter said.
London cocoa futures on ICE extended gains on Friday, heading towards recent record highs as technical signals pointed to increased market tightness. Meanwhile, robusta coffee headed back near its highest in at least 16 years.
The Federal Aviation Administration (FAA) said Friday it will significantly increase oversight of Boeing production and manufacturing, conducting a new audit of the Boeing 737-9 MAX production line and its suppliers following an emergency landing Friday.
Chicago soybean futures climbed on Friday ahead of U.S. government crop data that could shift the market, but prices were still set for a fourth straight weekly loss owing to weak demand for U.S. exports and an improved supply outlook.
Airlines in the United States canceled more than 1,200 flights on Friday after a massive winter storm knocked out power and affected businesses in 12 states, with forecast of a brutal freeze over the weekend.
The market could be setting itself up for a surprise on Friday amid the U.S. Department of Agriculture’s data onslaught since analysts are expecting virtually no changes to last year’s U.S. corn and soybean crop estimates, which are typically the day’s most sought-after numbers.
Reuters
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