Chicago wheat slid for a third consecutive session on Friday, falling more than 1%, as improved U.S. production outlook and beneficial crop weather in Argentina weighed on prices.
Coffee fields in Brazil, the world's largest arabica exporter, are looking very healthy after positive weather seen this year and on track for an excellent 2024 crop, but there are challenges ahead due to the expected influence of the El Nino weather pattern, experts said on Thursday.
American Airlines' pilots union on Thursday said it has reached an agreement in principle with the company on enhancements to a new labor contract that would bring it in line with the gains for aviators at rival United Airlines.
U.S. stocks ended lower on Thursday after news that the Bank
of Japan will allow long-term interest rates to rise sent U.S.
yields higher, snapping the longest winning streak for the Dow
since 1987.
Spring wheat yields in North Dakota, the top-producing state, will exceed the five-year average but fall short of last year as farmers grapple with an expanding drought, scouts on an annual crop tour said on Thursday.
Recent rains in Argentina's agricultural region have allowed soil moisture to recover and 72.1% of the planned wheat harvest has now been planted under good and optimal conditions, the Buenos Aires grains exchange said on Thursday.
Chicago soybean and grain futures turned lower on Thursday, as investors began shedding risk amid signs that the hot weather in the U.S. Midwest this week could be short-lived.
Russia's withdrawal from a deal that had allowed Ukraine to export its badly needed grain has sparked volatility in grain prices, the White House said on Thursday.
New York cocoa futures on ICE hit a new 12-year high on
Thursday as speculators piled back into the market amid
concerns over future supplies, while robusta coffee also rose.
A bill to raise the mandatory commercial pilot retirement age to 67 from 65 and make other aviation reforms has stalled due to disagreements on whether to revise pilot training rules.
Chicago soybean and grain futures turned lower on Thursday, as investors began shedding risk amid signs that the hot weather in the U.S. Midwest this week could be short-lived.
U.S. poultry producers say they face prolonged economic pain from avian flu despite going months without infections in flocks, as China and some smaller importers fail to lift trade bans implemented during the nation's worst-ever outbreak of the virus.
Wall Street's main indexes surged on Thursday on hopes that the Federal Reserve's policy tightening was ending and the world's largest economy was heading for a soft landing, while Meta Platforms jumped on strong third-quarter revenue forecast.
French luxury group Kering, which is struggling to revive sales at its star brand Gucci, said on Thursday it was buying a 30% stake in Italian fashion label Valentino from Qatari investment fund Mayhoola for 1.7 billion euros ($1.87 billion) in cash.
In trading on Thursday, shares of Royal Gold Inc (Symbol: RGLD) crossed below their 200 day moving average of $118.75, changing hands as low as $118.29 per share. Royal Gold Inc shares are currently trading down about 3% on the day. The chart below shows the one year performa