Drought

Grains Trader Bunge Forecasts Upbeat Full-Year Earnings

Bunge Ltd forecast full-year earnings above Wall Street estimates, after improved processing margins helped the agri-trader beat second-quarter profit.

Spain's Cava Makers Seek Creative Fixes As Drought Threatens Grape Harvests

Vineyards across Catalonia's renowned Penedes cava-producing region are so parched that the roots of 30-year-old vines have died, leaving shrivelled red an...

ADM Profit Tops Estimates On Big Brazilian Harvest, Strong Demand

Archer-Daniels-Midland beat Wall Street expectations for second-quarter profit, as the grain trader and processor benefited from a record Brazilian soybean...

Corn, Soybeans Retreat Further On Rain Hopes, Demand Worries

Chicago corn and soybean futures fell sharply on Friday to retreat further from multi-month highs seen this week, pressured by negative economic sentiment...

French Soft Wheat Crop Rating Steady At Decade High

The condition of French soft wheat was stable in the week to 22 May, holding at its best level in at least a decade, data from farm office France...

Olive Oil Prices At Highest Levels Since 2010

The price of olive oil has reached its highest level since 2010, as a lack of rain and high temperatures in the south of Europe have resulted in a signific...

Coffee Traders Pin Hopes On Brazil For Robusta Beans As Prices Soar

Coffee traders scrambling to supply roasters with robusta beans are pinning their hopes on Brazil, as prices for the bitter bean typically used to make ins...

Tyson Foods Cuts 2023 Sales Forecast As Demand Slows

Tyson Foods Inc has trimmed its full-year revenue forecast, indicating that price hikes and stubbornly high inflation are discouraging consumers from spend...