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Healey Raises UK Banks Tax, Vows to Keep Finances Stable

1 day 3 hours ago
Chancellor of the Exchequer John Healey pledged fiscal discipline in the face of harsh global economic conditions as he delivered the first budget of Andy Burnham’s new Labour administration. His measures included a plan to impose an additional 3% tax on banks, increasing the existing surcharge to 6%. Bloomberg's Caroline Hepker reports from Westminster. (Source: Bloomberg)

Wheat Ticking Higher on Wednesday Morning

1 day 3 hours ago
Wheat is showing mostly higher trade on Wednesday morning, with spring wheat the lagger. The wheat complex fell lower across the three markets on Tuesday. Chicago SRW contracts were 1 to 7 cents in the red at the close. Open interest was up 2,876 contracts. KC HRW futures were fractionally...

Corn Popping Higher to Start Midweek Trade

1 day 3 hours ago
Corn prices are getting a bounce on Wednesday morning, up 1 to 3 cents Futures closed the Tuesday session with contracts down 3 to 6 ¼ cents across much of the board. Open interest suggested new short interest on Tuesday, rising 18,872 contracts. The CmdtyView national average Cash Corn price...

Soybean Bulls Trying to Battle Back on Wednesday AM Trade

1 day 3 hours ago
Soybeans are showing 2 to 4 cent higher trade on Wednesday morning. Futures worked lower into the close with contracts down 8 ½ to 12 cents across the board on Tuesday. Open interest was down 6,473 contracts on Tuesday mainly in November (-32,496) ahead of Friday’s first notice day. The...

Hog Selling Continues at Cash and Cutout Remain Weak

1 day 3 hours ago
Lean hog futures posted losses of $1.92 to $2.65 on the Tuesday session. New short interest was piling in, with open interest rising 6,721 contracts. USDA’s national base hog price was reported at $57.94 in the Tuesday afternoon report, down $1.52 from the day prior. The CME Lean Hog Index...

Egypt fines prominent editor Lina Attalah and shuts independent news outlet Mada Masr

1 day 3 hours ago

Warnings of escalating clampdown on press freedom come after Cairo court convicts Attalah of managing an unlicensed website

Lina Attalah, a prominent Egyptian journalist and the editor-in-chief of the news outlet Mada Masr, has been released from detention by Egypt’s authorities and had her website ordered to be shut down by a court amid an intensifying crackdown on independent media in the country.

Attalah was taken briefly into custody after a Cairo court convicted her of managing an unlicensed website, prompting fresh international concerns over press freedom in Egypt.

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