Chicago soybean and corn futures surged on Friday after the U.S. Department of Agriculture projected lower-than-expected U.S. production after a dry end to the growing season.
U.S. biofuels groups are eager for clarity on the tax credits for fuels that combat climate change, which they hope will ultimately provide a pathway for corn-based ethanol to expand its market as a feedstock for sustainable aviation fuel.
Outgoing Prime Minister Justin Trudeau's Liberal Party said late on Thursday it will choose a new leader on March 9 ahead of the 2025 elections for which polls show the party in a very weak position.
A tentative labor deal forestalled potentially damaging trade disruptions at three-dozen U.S. East Coast and Gulf of Mexico ports, with both sides in the talks crediting President-elect Donald Trump for clearing the way for them to hammer out a deal on automation.
German authorities confirmed the country's first outbreak of foot-and-mouth disease in nearly 40 years on Friday in a herd of water buffalo on the outskirts of Berlin.
Chicago soybean and corn futures ticked up on Thursday as traders squared positions ahead of a major U.S. Department of Agriculture supply-and-demand report due on Friday.
China will accelerate the breeding of new soybean and corn varieties and prioritize yield improvements for key grains and oil crops, as part of broad efforts to ensure food security, the agriculture ministry said in a statement late on Wednesday.
Idemitsu Kosan will begin a trial plantation of the non-edible oilseed tree crop Pongamia in Australia from mid-January to assess its potential as a feedstock for sustainable aviation fuel (SAF), the Japanese crude oil refiner said on Thursday.
La Niña conditions are present and there is a 59 per cent chance of it persisting through February-April 2025, with a 60 per cent chance of transition to ENSO-neutral conditions during March-May 2025, a U.S. government forecaster said on Thursday.