Chicago soybeans were little changed on Friday, with the market on track for a second weekly gain as a drought in Brazil, the world's No. 1 exporter, supported prices despite ample supplies from newly harvested U.S. crop entering the market.
Indonesia will start crude palm oil trading on its palm oil futures exchange on Friday as the world's biggest producer of the vegetable oil seeks to create credible price benchmarks.
China's soybean imports from Brazil rose in September by 23% from a year earlier, data showed on Friday, after a huge crop produced by the South American nation this year continued to reach the world's top buyer.
Indonesia will start crude palm oil trading on its palm oil futures exchange on Oct. 20 in an effort to drive global palm oil prices and create benchmarks, an invitation from the country's trade ministry showed late on Thursday.
Chicago soybeans gained more ground on Friday, with the market on track for a second weekly gain as a drought in the world's No. 1 exporter Brazil supported prices, despite ample supplies from newly harvested U.S. crop entering the market.
Some grain shipments on rivers in Northern Brazil have been halted due to a drought that has sent Amazon river tributaries to the lowest level in over a century, according to a note sent to clients on Thursday by shipping services provider Serveporto.
The El Nino weather phenomenon will last at least through the first half of 2024, according to the latest United Nations forecasts, with abnormal rainfall due across Latin America raising fears for the agricultural sector.
U.S. stocks ended solidly lower on Thursday, with shares of Tesla falling after its results and Treasury yields surging as Federal Reserve Chair Jerome Powell spoke about monetary policy and investors worried whether interest rates would stay higher for longer.
Almost half of Argentina's 2023/24 wheat crop is in fair to poor condition due to the lack of rainfall currently affecting core agricultural areas, the Buenos Aires Grain Exchange (BdeC) said on Thursday, a 5 percentage point hike from its previous report.
Canada's main index fell on Thursday to a near two-week low as the threat of higher interest rates took its toll on investor sentiment, with real estate shares and the shares of luxury parka maker Canada Goose among the biggest decliners.
Portugal will decide on the size of the stake it will sell in flag carrier TAP once competitors present their proposals, Infrastructure Minister Joao Galamba told a parliamentary committee on Thursday.
In trading on Thursday, shares of Janus International Group Inc (Symbol: JBI) entered into oversold territory, changing hands as low as $9.49 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to meas
Cocoa prices hit fresh record highs on Thursday as dealers doubled down on deficit bets, saying demand for the chocolate ingredient is falling less than expected in response to soaring prices.
Some grain shipments on rivers in Northern Brazil have been halted due to a drought that has sent Amazon river tributaries to the lowest level in over a century, according to a note sent to clients on Thursday by shipping services provider Serveporto.
Colombia, the world's top supplier of washed arabica coffee, will close this year with production of between 11.6 million and 12 million 60-kg (130-pound) bags, ending three years of output falls, the head of the national coffee federation said on Thursday.
Low water levels on the lower Mississippi River are likely to persist through at least January despite expected above-normal precipitation across the southern United States this winter, forecasters with the National Oceanic Atmospheric Administration (NOAA) said on Thursday.
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