Investors seeking single-family homes to rent are buying land and newly-built properties as foreclosures dwindle and existing home prices in the U.S. rise at their fastest pace since 2006.
Cotton futures fell for a second straight session on concern that demand will slow from China, the world’s biggest user and importer. Sugar also slid, while orange juice, coffee and cocoa rose.
Milk futures are poised to end their longest slump since 2008 in Chicago as drought reduces production in New Zealand, the largest exporter, forcing China and other buyers to import more from the U.S.
Rice surged the maximum allowed by the Chicago Board of Trade on signs that planting will drop to a 26-year low in the U.S., the world’s fifth-largest exporter.
As Yom Kippur, the holiest of Jewish holidays begins, the congregants of a Florida synagogue face the loss of their building and its Torahs in a bank foreclosure action.
Monsanto Co. squares off next week against a 76-year-old Indiana farmer in a U.S. Supreme Court hearing with implications spanning industries from engineered fish to biotechnology medicines.
Orange-juice futures jumped the most in 14 months after the U.S. government cut its forecast of the crop in Florida, the world’s second-largest citrus grower.
Florida’s orange crop, the world’s second biggest, will be 1.4 percent smaller than forecast in February, the government said, on signs of worsening damage from citrus greening, a plant disease.
Orange-juice futures jumped the most in seven weeks on concern that a crop disease will curb output in Florida, the world’s second-biggest citrus grower. Cotton also rose.
Orange juice headed for the largest weekly gain since mid-December on signs that a crop disease will reduce output in Florida. Coffee, cotton and sugar also increased, while cocoa was steady.