Corn stockpiles may rise to the highest in 15 years by the end of the 2014-15 season as world output of the grain is predicted to advance, beating usage for a second season, the International Grains Council said.
White corn futures traded in South Africa dropped the most in 10 days amid speculation of a bumper crop this year.
Coffee futures in New York yesterday capped the biggest two-day decline since 2010 as rains aid Brazilian crops damaged by a drought that boosted prices almost 60 percent this year.
Following is the text of the mission
Coffee futures topped $2 a pound in a surge to a 24-month high as drought conditions that started in January eroded prospects for crops in Brazil, the world’s top producer and exporter.
Oat futures climbed to the highest since 2008 after jumping the maximum allowed by the Chicago Board of Trade yesterday as a rail backlog slows supplies from Canada, the world’s biggest exporter.
Canadian manufacturing sales unexpectedly increased in October led by the largest gain by food manufacturers in two decades, as factories handled a record canola harvest.
From the Muppets to James Franco, Hollywood will be working hard for carmakers at the Super Bowl.
Sugar retreated from a 12-week high in New York on speculation that bumper crops in Brazil and India, the world’s largest producers, will ease tight supplies.
With this year’s bumper crop of new restaurants in London, it’s difficult to choose where to dine.