A total of 211 ships with 4.7 million tonnes of agricultural products on board have left Ukraine so far under a deal brokered by the United Nations and Turkey to unblock Ukrainian sea ports, the Ukrainian infrastructure ministry said on Saturday. The ministry said eight ships with 131,300 tonnes of agricultural products are due to leave Ukrainian Black Sea ports on Saturday.
U.S. wheat futures fell about 3% on Friday, joining a broad sell-off in commodity and equity markets tied to fears of an economic downturn that would dent demand, analysts said. Corn and soybean futures joined the weaker trend, pressured by recession fears and the expanding U.S. harvest.
A U.S. judge on Friday ruled in favor of U.S. Sugar Corp's plans to buy rival Imperial Sugar Co, rejecting a U.S. Justice Department argument that the proposed deal would drive up the price of sugar for households as well as food and soda makers. The judge said the opinion was issued under seal. Neither the Justice Department nor U.S. Sugar immediately responded to a request for comment.
A U.S. judge on Friday ruled in favor of U.S. Sugar Corp's plans to buy rival Imperial Sugar Co, rejecting a Justice Department argument that the proposed deal would drive up the price of sugar for households as well as for food and soda makers.
Brazil's government admitted that its estimates for coffee crops over recent years have problems and need improvements to better reflect the reality, since the numbers for production have been smaller than the sum of local consumption plus exports.
Ukrainian farms have started the 2022 corn harvest, threshing 92,200 tonnes of the commodity from 0.5% of the sown area, the agriculture ministry said on Friday. The ministry said in a statement that the corn yield stood at 4.41 tonnes per hectare.
U.S. corn and soybean futures dipped in Asian trading on Friday, while wheat held firm near the previous session's 10-week high and was set for a weekly advance on Black Sea supply concerns. Corn and soybeans were also set for weekly gains as traders assessed the impact of dry weather in crop areas of Argentina and the U.S. Plains. FUNDAMENTALS.
U.S. wheat futures set fresh two-month highs on Thursday, buoyed by risks of a deepening conflict in Ukraine and dry weather in crop areas of Argentina and the U.S. Plains, traders said. Commodity funds hold a net short position in Chicago Board of Trade wheat futures, leaving the market prone to bouts of short-covering.
By Julie Ingwersen. U.S. wheat futures set fresh two-month highs on Thursday, buoyed by risks of a deepening conflict in Ukraine and dry weather in crop areas of Argentina and the U.S. Plains, traders said. Commodity funds hold a net short position in Chicago Board of Trade wheat futures, leaving the market prone to bouts of short-covering.
Emmanuel Lefebvre produces thousands of tonnes of endives on his farm in northern France annually, but this year he may abandon his crop because of the crippling energy costs required to freeze the harvested bulbs.
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