Argentine truck unions extended a widespread protest over fuel price hikes and diesel shortages on Friday, but the dismantling of some road blockades meant that truck traffic and operations in the country's key Rosario grains ports returned to normal.
By Mark Weinraub. U.S. soybean futures rose on Friday, snapping a streak of four negative sessions, on a round of bargain buying and short covering, traders said. "Prices appear to have stabilized at current levels," Tomm Pfitzenmaier, analyst for Summit Commodity Brokerage, said in a note to clients.
Rice bran has become a sought-after commodity in India as the world's biggest importer of vegetable oils tries to overcome an edible oil shortage caused by global supply disruptions. A by-product in rice milling, rice bran has been traditionally used for cattle and poultry feed.
Stocks and bonds were both headed for their first weekly gain in a month on Friday as investors wagered on central banks bringing inflation to heel, though growth fears dragged on commodities.
The United States welcomes Turkey's involvement in brokering an agreement to get grain out of Ukraine, John Kirby, the national security spokesman, said Thursday. The United States is working with allies and partners to get some grain out of Ukraine, exports that have been thwarted by Russia's invasion of Ukraine, Kirby said.
Argentina's Bioceres Crop Solutions (BIOX) plans to carry out field tests of its genetically modified drought resistant wheat in Australia and seek planting approvals next year, Chief Executive Federico Trucco told Reuters.
Prime Minister Boris Johnson said on Thursday Britain was willing to assist with demining operations off Ukraine's southern coast and was considering offering insurance to ships to move millions of tonnes of grain stuck in the country.
Officials from some G7 countries, including Germany and Britain, will push for temporary waivers on biofuels mandates to combat soaring food prices when leaders from the group of wealthy nations meet on Sunday, three people familiar with the matter told Reuters.
Turkish Foreign Minister Mevlut Cavusoglu said on Thursday that Ankara was investigating claims that Ukrainian grain has been stolen by Russia and would not allow any such grain to be brought to Turkey.
Symbrosia, a U.S.-based startup that aims to reduce livestock methane emissions through its seaweed feed additive, has raised $7 million in new funding, its chief executive told Reuters on Thursday. The round was led by Danone Manifesto Ventures, the corporate venture capital arm of food company Danone, and brings Symbrosia's total funding to around $8.5 million.
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