* Wheat down almost 6% in Feb, corn nearly 4% lower. * Coronavirus pandemic fears drag down global markets. By Naveen Thukral. Chicago wheat slid for a third consecutive session on Friday, on track for its biggest monthly drop since July, as a spike in new coronavirus cases beyond China fuelled fears of a pandemic.
U.S. wheat futures on Friday fell to their lowest in two-and-a-half months, as a rise in new coronavirus cases on shores beyond China fuelled fears of a pandemic, pushing the grain towards its biggest monthly drop since last July. FUNDAMENTALS. * The most active wheat futures on the Chicago Board Of Trade dropped 5.1% so far this month, set for their biggest monthly slide since July 2019.
CME Group Inc (CME) said on Thursday it plans to increase the daily trading limits for its lean hog futures in April and then adjust them annually because of heightened volatility linked to the outbreak of a fatal pig disease in China.
Multinational cocoa exporters operating in Ivory Coast have agreed to sell their domestic counterparts 60,000 of the 150,000 tonnes the Ivorian companies say they need to avoid default, three sources involved in the talks said on Thursday.
The Rainforest Alliance said it was strengthening its cocoa certification programme after its Utz scheme came under fire last year for auditing lapses that resulted in it certifying cocoa farmed by children or grown in protected forests.
International grains trader and processor Cargill Inc has banned all non-essential travel for its employees for the next two weeks due to the coronavirus outbreak, company spokeswoman April Nelson told Reuters on Thursday. Cargill, the largest private U.S. company, said any essential international travel would need approval from a member of the company's executive team, she said.
* Locust plague in East Africa is the worst in decades. * Shortages of planes, pesticides and funds hampering response. * Locusts breeding new generation. * UN: if left unchecked numbers could increase 400-fold by June. * For graphic of locust spread click on: https://tmsnrt.rs/2IcXQd7. By Omar Mohammed and Dawit Endeshaw.
Panera Bread Co on Thursday is launching an $8.99 per month unlimited coffee subscription as it aims to grow its breakfast traffic and loyalty program membership. The subscription, believed to be a first among national restaurant chains, could position Panera competitively as an industry battle to win over breakfast customers surges this year.
Zimbabwe plans to set up shops within camps and barracks to sell subsidized goods like maize meal and cooking oil to members of the security forces, cabinet ministers said on Wednesday, as the government seeks to tame anger over economic hardship.
Domestic Ivorian cocoa exporters fear going bankrupt because they cannot compete with the higher prices multinational companies are paying for beans, the Ivory Coast's traders association told Reuters.
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