Neste could have excess sustainable aviation fuel (SAF) production capacity by 2028 and requires more certainty about long-term demand to justify investment after that point, a senior executive at the refiner said on Monday.
Chicago soybean futures rose more than 1% on Monday, supported by the results of Sunday's presidential election in Argentina coupled with brutally hot weather in Brazil that is likely to continue to stress crops despite rains over the weekend.
U.S. President Joe Biden pardoned two enormous white-plumed turkeys from Minnesota on Monday, granting Liberty and Bell freedom from Thanksgiving dinner tables as Americans prepared for their annual feasts.
The U.S. Department of Agriculture's (USDA) weekly crop progress report should show no change in U.S. winter wheat condition ratings, according to the average of estimates from 12 analysts surveyed by Reuters on Monday.
Ukraine's sugar industry, one of the country's few profitable farm sectors, may continue to expand the planted area in 2024 and with good weather the 2024/25 exportable surplus could jump by around 50%, the producers' union Ukrsugar said.
Arabica coffee futures on ICE rose on Monday with the market supported by low exchange stocks, while London cocoa extended its pullback from a recent record peak.
Egypt's General Authority for Supply Commodities on Monday announced a tender to import 50,000 tonnes of raw sugar and/or 50,000 tonnes of refined white sugar, all from any origin, on behalf of the Egyptian Sugar & Integrated Industries Company.
For a while, Wall Street analysts have been vocal about their bullish outlook on commodities, citing a potential supercycle fueled by supply shocks and subdued demand.
Speculators ramped up their enthusiasm for Chicago soybeans and soymeal last week as crop concerns for Brazil and a tight U.S. meal market have been raiding the headlines.
Brazil's 2023/24 soybean planting had reached 68% of the expected area as of Thursday, agribusiness consultancy AgRural said on Monday, up 7 percentage points from the previous week.
Chicago soybeans and corn rose on Monday as dealers assessed forecasts of rain for parched Brazilian crops, while a weaker dollar boosted export prospects by making U.S. supplies cheaper in international markets.
Arabica coffee futures on ICE rose on Monday with the market supported by low exchange stocks, while London cocoa extended its pullback from a recent record peak.