Global cocoa prices hit fresh record highs on Thursday as
traders continued to scramble for supplies, predicting ever
wider deficits this season and with concerns growing for the
next.
Chicago Board of Trade soybean futures ended the day higher on Thursday on a flurry of late-session buying, as the market struggled to gain clarity on the size of the Brazilian crop, traders said.
Chicago Board of Trade soybean futures fell on Thursday, in the wake of government crop data that lowered the forecast for Brazil's soybean crop following this season's hot, dry weather.
ICE cotton futures were little changed on Thursday, after a mixed federal monthly supply-demand report that forecast lower global supply and weak demand for the 2023-24 marketing year.
The United States will import sugar at higher costs from places other than its main supplier Mexico, as production there has fallen due to adverse weather conditions, the U.S. Department of Agriculture (USDA) said on Thursday.
The benchmark S&P 500 index was muted on Thursday, lingering near the 5,000-point mark, as investors sized up major corporate earnings reports, a roughly in-line jobs report and remarks from policymakers on interest rate cuts.
Brazilian grain exporters lobby Anec on Thursday warned it was concerned about a rise in farmer bankruptcy filings in the country, adding a recent increase in cases potentially compromises the execution of grain contracts.
Spirit Airlines said it expects to operate with a positive cash flow from the second quarter after it reported a narrower-than-expected loss on Thursday, on strong domestic demand for travel during the holiday season.
Spanish farmers drove tractors through city streets, disrupting traffic on Thursday as they stepped up their protests against soaring costs, bureaucracy and cheap competition from outside the European Union.
World cocoa prices hit fresh record highs on Thursday as traders continued to scramble for supplies, predicting ever wider deficits this season and with concerns growing for the next.
Prices of parboiled rice exported from top hub India extended their rally this week, rising for a fourth consecutive week to a record high as supplies remained limited.
A Spanish rice variety traditionally used to make paella is under threat from a fungus after the European Union banned a pesticide farmers said they relied upon, in another example of how the bloc's environmental rules are angering growers.
Reuters
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12 minutes 9 seconds ago
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