Raw sugar futures on the ICE exchange closed up on Tuesday following lower-than-expected production data from Brazil and amid worries about production in India, while arabica coffee headed back toward recent near six-month lows.
The world's biggest fertilizer producer Nutrien Ltd cut production on Tuesday, citing the impact of an 11-day-old strike in Canada's Pacific ports whose cost has now ballooned to an estimated C$5.5 billion ($4.2 billion).
U.S. soybean futures rose for a second session on Tuesday as
traders braced for a monthly U.S. government crop report due on
Wednesday that is expected to project a smaller crop and tighter
supplies, analysts said.
Canada's corporate ethics watchdog on Tuesday launched separate investigations into Nike Canada and Dynasty Gold to probe allegations the companies used or benefited from forced labor in their supply chains and operations in China.
Ryanair on Tuesday resigned from an industry group set up by the British government to help implement its aviation strategy, dismissing it as a "talking shop" which has delivered no benefits or reforms for passengers.
Canada's corporate ethics watchdog on Tuesday launched separate investigations into Nike Canada and Dynasty Gold to probe allegations of Uyghur forced labour in the companies' supply chains and operations.
Mexico is considering putting import taxes on Chinese-made shoes due to their proliferation in the country, President Andres Manuel Lopez Obrador said on Tuesday.
European wheat futures rose on Tuesday in step with Chicago as mixed indications on northern hemisphere crops and uncertainty over a Black Sea grain corridor underpinned the market.
The world's biggest fertilizer producer Nutrien Ltd cut production on Tuesday, citing the impact of a 12-day-old strike in Canada's Pacific ports whose cost has now ballooned to an estimated C$6 billion ($4.5 billion).
Europe's gas consumption has fallen by 10% to 15% compared with the decade before Russia's invasion of Ukraine as high prices enforce sharp cuts, especially by energy-intensive industries.
In trading on Tuesday, shares of Cleveland-Cliffs Inc (Symbol: CLF) crossed above their 200 day moving average of $16.75, changing hands as high as $16.83 per share. Cleveland-Cliffs Inc shares are currently trading up about 2.1% on the day. The chart below shows the one year
Boeing delivered 60 passenger jets in June as it rebounded from production issues, boosting its total for the first half to 266 airplanes and marking a 23% improvement from the first six months last year.
Another round of heavy downpours in Vermont on Tuesday raised the threat of water from a reservoir spilling over a dam protecting the state's capital city of Montpelier and worsening a "catastrophic" flood.
Soft wheat exports from the European Union between July 1 and July 9 totalled 360,867 metric tons, down from 664,550 a year earlier, the European Commission said on Tuesday in its first data for the 2023/24 season.
Brazil's center-south sugar production rose 7.6% in the second half of June when compared with a month earlier, totaling 2.7 million metric tons, data from industry group UNICA showed on Tuesday.
Soft wheat exports from the European Union between July 1 and July 9 totalled 360,867 metric tons, compared with 664,550 a year earlier, data published by the European Commission showed on Tuesday.
Raw sugar futures on the ICE exchange were little changed on Tuesday, but with further losses in sight as investors expect output from top producer Brazil will show further increases.
High-end jeweller Bulgari has apologised after allegedly listing Taiwan as independent from China on an overseas website, sparking a furious response on Chinese social media.
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