Brazil's soybean harvest for the 2023/24 cycle had reached 69% of the planted area as of last Thursday, agribusiness consultancy AgRural said on Monday, up 6 percentage points from the previous week.
Chicago wheat futures hit their highest in around three weeks on Monday amid intensified tensions in the Black Sea region, although ample supply kept prices near multi-year lows.
Despite economic concerns, Chinese agricultural demand is expected to remain strong this year, particularly when it comes to imports of bulk commodities like soybeans, corn and other grains.
Russia's agricultural watchdog on Monday proposed the redistribution of quotas among grain exporters in case of systematic failures on the part of exporters, such as Russia's RIF trading house.
Lufthansa's bid for a minority stake in Italian rival ITA Airways could harm competition and lead to higher prices, EU antitrust regulators said on Monday, ramping up pressure on the German carrier to come up with stronger remedies.
Egypt's state grains buyer, the General Authority for Supply Commodities (GASC,) on Monday extended the deadline for offers in its latest sugar tender for 50,000 metric tons of raw cane sugar to March 30 from a previous deadline of March 23.
Lufthansa's bid for a minority stake in Italian rival ITA Airways could harm competition and lead to higher prices, EU antitrust regulators said on Monday, ramping up pressure on the German carrier to come up with stronger remedies.
A Romanian state agency for rural investments is using artificial intelligence to help farmers apply for European Union funds, it said on Monday, a first in one of the EU's least developed digital economies.
Goldman Sachs held onto its view to go long on commodities in 2024 which have given a 9% return year to date, which is further expected to rise to 15% by year-end, on cyclical and structural support to demand, and geopolitical risks.
The U.S. Energy Department on Monday announced $6 billion in federal funding to subsidize 33 industrial projects in 20 states to cut carbon emissions, saying the investment would support well-paying union jobs and boost U.S. competitiveness.
Most base metals fell on Monday after a brief surge in early deals, as a stronger U.S. dollar made the greenback-priced metals more expensive for other currency holders.
Development lender British International Investment said on Monday it had agreed a $100 million finance facility with the Eastern and Southern African Trade and Development Bank (TDB) to boost trade finance, farming and food security in the region.
Record cocoa prices and markets whipped around by inflation and geopolitics helped hedge funds using systematic strategies outperform their peers in the first quarter, according to industry players and investors.
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Market Overview
Oil prices experienced a notable increase in early Asian trading on Monday, influenced by heightened geopolitical tensions and a decrease in the U.S. rig count, suggesting tighter global oil s
Investors will be looking for reassurances from new H&M CEO Daniel Erver that he has the right plan to reboot revenue growth when the fast fashion retailer reports its first quarterly earnings under his leadership on Wednesday.
The SGX Group aims to disclose trading positions on commodities including iron ore, rubber and freight on a weekly basis beginning in the third quarter to bolster transparency as more traders from outside Asia participate in the market.