A Brazilian agribusiness consultancy announced a new forecast reduction for the country’s second corn crop because of a severe drought, adding that yields are expected to touch a five-year low this season.
A $9 billion dollar oil pipeline that became a symbol of the rising political clout of climate change advocates and a flash point in U.S.-Canada relations was officially canceled on Wednesday.
JPMorgan Chase & Co Chief Executive Jamie Dimon said on Monday the bank is holding around $500 billion in cash, putting it in a position to benefit from higher interest rates.
Talks between Argentine policymakers and meat industry officials are on track to reach a deal on re-opening exports, officials said, days ahead of the expiration of the government’s month-long suspension of shipments.
U.S. import prices increased more than expected in May as the cost of petroleum products rose and supply chain bottlenecks boosted prices of other goods, adding to signs that inflation was heating up.
Futures on the federal funds rate on Wednesday raised bets that the U.S. Federal Reserve will tighten monetary policy in early 2023 after Fed projections showed at least two rate increases that year.
China will issue new rules on the management of price indexes for commodities and services, it said on Thursday as the government steps up scrutiny of the country’s commodity markets and battles to contain inflation.
U.S. farmers are poised to expand plantings of sorghum by nearly 20% this year, a far larger percentage than soy or corn acres, as sorghum is particularly appealing this year since it’s more resistant to drought.
Billions of dollars in federal investments and tax credits to boost demand for U.S. biofuels will be part of two bills that Democratic lawmakers will introduce to the U.S. Congress, two sources said.
ICE cotton futures rose to their highest in nearly a week on Tuesday, propelled by fears of damage to the natural fiber crop in the delta region due to heavy rains.
