Soybeans Slide as Streak of Chinese Sales End. Soybeans for November delivery fell 1.4% to $10 a bushel on the Chicago Board of Trade Thursday, falling below $10 per bushel intraday as the streak of USDA reporting of export sales to China ended. Corn for December delivery fell 1.4% to $3.63 1/ 2 a bushel.
Darden Reports 1 Q Profit Even as Sales Remain Down. Darden Restaurants Inc. brought back its dividend even though demand remained weaker in its latest quarter across its portfolio of restaurants due to the challenges of the pandemic. The operator of Olive Garden, LongHorn Steakhouse and other outlets said Thursday profit fell for its fiscal-first quarter that ended Aug. 30 to $36.1 million, or 28 cents a share, from $170.6 million, or $1.37 a share, the year earlier.
Within the framework of its net zero strategy, Total will convert its Grandpuits refinery into a zero-crude platform. By 2024, following an investment totaling more than EUR500 million, the platform will focus on four new industrial activities:. --Production of renewable diesel primarily intended for the aviation industry.-- Production of bioplastics.-- Plastics recycling.-- Operation of two photovoltaic solar power plants.
Pilgrim's Pride CEO Jayson Penn Leaves Company. Pilgrim's Pride Corp. said Jayson Penn, its president and chief executive put on leave in June after the U.S. Justice Department indicted him in a conspiracy to rig chicken prices, has exited the company, effective Wednesday.
Wheat Futures Fall on Supply Growth Signals. Wheat for December delivery fell 1.6% to $5.49 a bushel on the Chicago Board of Trade on Wednesday following indications that the planting of winter wheat in the U.S. is ahead of schedule. Soybeans for November delivery fell 0.5% to $10.14 1/ 2 a bushel.
Wheat Rebounds on Dryness Worries. Wheat for December delivery rose 0.6% to $5.58 a bushel on the Chicago Board of Trade Tuesday in reaction to dryness in the U.S. and South America possibly impacting the planting of winter wheat crops. Dry weather was a topic at the forefront of markets Tuesday, driving CBOT wheat futures higher, said Rich Nelson of Allendale Inc. "In the trades' mindset, they're hyped on plains dryness and the situation in South America," said Mr.
Congressional Leaders Debate Farm Aid Ahead of Spending Vote. WASHINGTON-- Congressional leaders on Tuesday were discussing whether to restore farm-aid funds and food assistance to a spending bill needed to prevent a partial government shutdown next month, Democratic aides said. House Democrats had planned to bring the bill, which would fund the government through Dec. 11, up for a vote later Tuesday.
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