Arabica coffee futures on the ICE exchange hit a six-month peak on Friday as trader attention returned to the slide in ICE-certified stocks to 24-year lows, while raw sugar hit a three-month trough.
In trading on Friday, shares of Southern Copper Corp (Symbol: SCCO) crossed above their 200 day moving average of $74.98, changing hands as high as $75.72 per share. Southern Copper Corp shares are currently trading up about 5.1% on the day. The chart below shows the one year
Brazil's Para state, which leads the country for the highest levels of Amazon rainforest destruction, will launch a mandatory program to track cattle in a bid to crack down on related deforestation, a partner in the project said on Friday.
Imports of Ukrainian sugar into the European Union grew tenfold last season and extended their rise at the start of the current 2023/24 season to the detriment of Brazil which is on track of losing its leadership in the bloc, EU data showed on Friday.
U.S. grains trader Cargill on Friday said it completed the acquisition of three soybean crushing and biodiesel production plants in Brazil that were previously owned by Granol, a privately-held company.
Chicago wheat futures fell on Friday in a technical setback following an export-fuelled rally, while soybeans also lost ground as the market assessed forecasts of rain next week in parched Brazilian crop belts.
Arabica coffee futures on the ICE exchange fell on Friday after rising nearly 7% in the prior session, as ICE-certified stocks fell to fresh 24-year lows, while raw sugar hit a two month trough.
Argentine farm exports brought in some $1 billion in November, a 41% fall from the same month last year, industry group CIARA-CEC said on Friday, as a severe drought takes its toll on shipments and farmers refrain from selling amid political uncertainties.
Copper prices rose to a three-month high on Friday, on track for the third week of consecutive growth, due to better-than-expected data from top consumer China, tighter supply, a decline of exchange inventories and a softer dollar.
Elon Musk is keen to achieve what no business leader has done before, from mass-producing electric cars to developing reusable space rockets. Now he is blazing another trail most chief executives have avoided: the profane insult.
Ukraine, a major global grain producer, has harvested almost 77 million metric tons of grain and oilseeds from the new 2023 harvest so far, the agriculture ministry said on Friday.
In the small village of Surd, which has supplied most of Hungary with Christmas trees for decades, villagers are worried their livelihood could be in danger as pine forests are shrinking due to climate change.
The Philippines' farm ministry said on Friday it will issue permits allowing the private sector to import as much as 21,000 tonnes of fresh onions to prevent prices from rising.
The International Cocoa Organization (ICCO) on Friday estimated a global cocoa deficit of 99,000 metric tons in the 2022/23 season, narrower than a previous forecast deficit of 116,000 tonnes.
About 11,500 Turkeys have been culled after an outbreak of the highly pathogenic H5N1 bird flu on a farm in east Germany, German authorities said on Friday.
Indian mills have produced 4.32 million metric tons of sugar since the current season began on Oct. 1, down 10.7% year on year, as mills in two key states started operations later than usual, a leading trade body said on Friday.
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