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India's central bank has no choice but to raise interest rates to keep a lid on
inflation expectations as supply-side measures will take time to bring down prices,
Reserve Bank of ...
Chicago wheat fell to its lowest in nearly four months on Thursday, after a senior U.S. official stressed that Russian grains and fertilizer were not covered by sanctions over Moscow's war in Ukraine. Supply pressure from early harvesting in the United States and European grain belts also continued to weigh on prices.
At least one unit of U.S. grain trader Cargill in Brazil's Mato Grosso state is storing corn in open air outside silos, according to images posted on Twitter on Wednesday, reflecting the rapid pace of harvesting this season.
INTERCONTINENTAL EXCHANGE FUTURES U.S.: * SAYS COTTON FUTURES DAILY PRICE LIMIT EXPANDS TO 7 CENTS PER POUND. * SAYS EFFECTIVE WITH THE START OF TRADING FOR THURSDAY, JUNE 23, 2022.
Chicago Board of Trade wheat
futures ended firm on Wednesday, rebounding from a sharp
sell-off on Tuesday as a Russian missile strike on Ukraine's
port city of Mykolaiv renewed fears about ...
Angry Argentine truck drivers blocked highways on Wednesday, protesting shortages and rising prices for diesel fuel, just as the country's crucial grains harvest requires transport amid surging inflation.
By Mark Weinraub. U.S. wheat futures firmed on Wednesday, rebounding from a sharp decline a day earlier as investors used the drop to cover short positions, traders said. Soybean futures weakened to their lowest in more than a month, pressured by a steep fall in the crude oil market. "It is all about the weather at this point," said Greg Grow, director of agribusiness at Archer Financial Services.
Sustainable palm oil is becoming harder to find as food manufacturers use it to replace sunflower oil sourced from Ukraine and to meet environmental goals, Ahold Delhaize's CEO told Reuters. Palm oil, whose production is known for devastating rainforests in Indonesia and Malaysia, has for decades been a public relations problem for the retail and consumer goods industry.
Viterra's port terminal in Ukraine's southern city of Mykolaiv is on fire after being hit in an attack, a spokesperson for the international grain group said on Wednesday. "Viterra can confirm that its Everi terminal was hit and is currently on fire," the spokesperson said in an emailed response to a Reuters question.
Viterra's Everi terminal in Ukraine's southern port city of Mykolaiv is on fire after being hit in an attack, a spokesperson for the international grain group said on Wednesday. There were no fatalities and one employee reportedly suffered minor burns. Seven Russian missiles hit Mykolaiv on Wednesday, regional governor Vitaliy Kim said earlier.
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