Wall Street opened lower Monday as the inflationary jolt from surging oil prices threatened to raise living costs and interest rates around the globe, while investors desperate for liquidity fled to the U.S. dollar.
Tag Archives Iran
Shares slump, bonds skid as oil surge threatens inflation shock
Fertilizer markets tighten as Russian exports hit capacity limits
With Russian output constrained by infrastructure and domestic obligations, growers facing long-term supply crunch
Fertilizer producers in Russia, the world’s largest exporter, will not be able to make up for a potential global shortfall linked to the U.S.-Iran conflict as their ability to boost supply is constrained, industry sources told Reuters.
Farmers see fertilizer price surge as Iran war blocks exports, threatening losses
The world’s farmers face soaring fertilizer and fuel prices as the war in the Middle East escalates, leaving some scrambling for supplies as the spring planting season approaches.
Bunge exploring alternative shipping routes amid Middle East conflict
Global grains trader Bunge is exploring alternative shipping routes and working with customers to minimize any disruptions caused due to the conflict in the Middle East, a company spokesperson told Reuters.
Huawei executive, U.S. reach deal to dismiss charges
Meng Wanzhou would be allowed to leave Canada
Updated, Sept. 24 — Reuters — Huawei chief financial officer Meng Wanzhou has reached an agreement with U.S. prosecutors to end the bank fraud case against her, U.S. prosecutors said on Friday, a move that should allow her to leave Canada and relieve a point of tension between China and the United States. Meng was […] Read more
U.S. in talks with Huawei exec on resolving criminal charges, source says
'This would be a great way to end this nightmare'
Reuters — U.S. prosecutors are discussing a deal with lawyers for Huawei chief financial officer Meng Wanzhou to resolve criminal charges against her, a person familiar with the matter said, signaling a potential end to a case that has strained ties between the U.S., China and Canada. Negotiations between Meng’s attorneys and the U.S. Justice […] Read more
U.S. grains: Prices narrowly mixed as traders assess Mideast risk
Chicago | Reuters — Chicago soybean and grain futures were narrowly mixed on Wednesday as traders’ jitters eased after Iran and the United States signalled a de-escalation of tensions after an Iranian missile attack against U.S. forces in Iraq. Investors also continued to square positions ahead of a key U.S. Department of Agriculture (USDA) crop […] Read more
U.S. grains: Soybeans bounce on China trade hopes
Chicago | Reuters — U.S. soybean futures recovered slightly on Monday from steep declines in the previous session as hopes for improved exports to China outweighed worries about rising tensions in the Middle East. Corn and wheat futures declined on technical selling and profit-taking from last week’s multi-month highs and as investors look ahead to […] Read more
U.S. grains: Futures weaken as Iraq strike rattles markets
Chicago | Reuters — U.S. grain and soybean futures crumbled on Friday as traders booked profits after being spooked by a U.S. air strike in Iraq that escalated geopolitical tensions in the Middle East. The strike that killed Iran’s most prominent military commander put markets on edge and opened the door for a setback a […] Read more
U.S. livestock: Hogs limit down on profit-taking, Middle East tensions
Chicago | Reuters — U.S. hog futures tumbled by the daily trading limit to a three-week low on Friday as rising geopolitical tensions in the Middle East triggered profit-taking, analysts said. Losses hit markets after a U.S. air strike in Iraq killed Iran’s most prominent military commander, rattling traders of products from agricultural futures to […] Read more
Cyber-Savvy Farmer
