Copper prices rose to a near three-week high on Wednesday, supported by a weaker U.S. dollar and hopes of a strong demand outlook in top metals consumer China following Beijing's efforts to boost its economy and property sector.
Chicago wheat on Wednesday shed some gains from the previous session as plentiful supply and falling Russian export prices weighed on market sentiment, pushing U.S. futures towards multi-year lows.
Copper prices extended gains on Wednesday to hover near a two-week high, supported by a weaker U.S. dollar and hopes of strong demand outlook in top metals consumer China following Beijing's efforts to boost its economy and property sector.
Malaysian palm oil futures rose on Wednesday, tracking strength in Dalian's palm olein contract and Chicago soyoil, although weak exports data limited gains.
The Federal Aviation Administration (FAA) said Tuesday it is investigating the diversion of a United Airlines Boeing 757-200 after the crew reported a wing issue.
Qantas Airways said on Wednesday John Mullen will join the company board as chairman-elect from July 1, and assume the role of chairman ahead of the Australian flag carrier's annual general meeting in October.
Over the last decade or so, annual U.S. soybean use was often split somewhat evenly between exports and domestic processing, though the split is unusually unbalanced this year as exports slip and crush increases.
Australia's Qantas Airways said on Wednesday John Mullen will join the company board as chairman-elect from July 1, and assume the role of chairman ahead of the carrier's annual general meeting in October.
Chicago Board of Trade (CBOT) wheat futures rose nearly 4% on Tuesday, rebounding from life-of-contract lows as a softer dollar and the approach of the spring growing season in the northern hemisphere sparked a short-covering rally, analysts said.
Russia's agriculture minister said late on Tuesday that Moscow had completed its initiative of shipping 200,000 metric tonnes of free grain to six African countries, as promised by President Vladimir Putin in July.
Investment firm Buxton Helmsley Group (BHG) said it nominated four candidates to the board of directors of Fossil Group, after the fashion design company's stock lost three-quarters of its value over the last year.
London cocoa futures on ICE hit record highs on Tuesday as investors, ever mindful of the market's steep supply shortage, went bargain hunting after prices dipped slightly last week.
Brazil's 2023/2024 soybean crop estimate has been reduced to 152.2 million metric tons from the previous estimate of 153.8 million tons, agribusiness consultancy Agroconsult said on Tuesday citing adverse weather.
Chicago Board of Trade wheat futures surged about 4% on Tuesday, rallying from life-of-contract lows on short-covering tied to a weaker dollar, geopolitical tensions and the approach of the spring growing season, traders said.
United Airlines will rely more on Boeing 737 MAX 9 and Airbus A321 aircraft in the absence of MAX 10 to pursue its growth plans, Chief Financial Officer Mike Leskinen said on Tuesday.
(RTTNews) - The price of gold advanced during trading on Tuesday, closing higher for the third consecutive session amid a decrease in the value of the U.S. dollar.
The following are analysts' estimates for the U.S. Department of Agriculture's monthly Cattle on Feed report, which is due on Friday at 2 p.m. CST (2000 GMT).
Soft wheat exports from the European Union since the start of the 2023/24 season in July had reached 19.90 million metric tons by Feb. 13, data published by the European Commission showed on Tuesday.
Reuters
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