News

Australia dock workers call for 28-hour week in AI talks

A union says workers are "in the crosshairs" of automation as AI is being tested across ports.

China's rare missile test will push wary Asia-Pacific countries to close ranks, analysts say

China's rare launch of a ballistic missile launch into the Pacific will push regional powers to deepen their defense ties.

CNBC Daily Open: Strait of Hormuz, Ukraine's attacks in Russia, Greenland

Geopolitics are back in focus, with the U.S. retaliating against Iran after several ships were struck in the Strait of Hormuz, and Ukraine hitting Russia.

Hundreds of jobs at risk as John Lewis plans to cut some services

HAPN

No final decision has been made but the job cuts will happen in the autumn if the redundancy plans are approved.

Oil jumps as U.S. strikes on Iran after Tehran targeted commercial ships risk fragile Mideast truce

Oil prices rose on Wednesday after the U.S. launched fresh strikes on Iran in retaliation for attacks on commercial vessels in the Strait of Hormuz.

Cotton Extends Rally to Tuesday, Nearing Limit Gains

Cotton futures closed with contracts 99 to 299 points higher, with some contracts hitting the three cent limit at the high. The outside markets were mixed, as Crude oil was up $3.65 following Iran striking vessels in the Strait of Hormuz overnight. The US responded by revoking waivers authorizing Iran...

Soybeans Post Late Session Gains on Tuesday

Soybeans found late session strength to post 2 to 9 ¾ cent gains, as nearby July was up 14 ½ cents. The cmdtyView national average Cash Bean price was up 10 1/4 cents at $11.46. Soymeal futures were $2.30 to $3.40 higher across most contracts, with Soy Oil futures 32...

Cattle Push Lower on Tuesday

Live cattle futures posted losses of 10 to 67 cents on the day. Cash was picked up last week at $403 dressed in the north, with live trade at $255-256. Southern trade was $255. Feeder cattle futures were mixed, with August up 15 cents and other contracts down 47 cents...

Hogs Post Mostly Lower Trade on Tuesday

Lean hog futures posted losses of 35 cents to $1.60, with nearby July up a dime. USDA’s national base hog price was reported at $96.42 on Tuesday afternoon. The CME Lean Hog Index was back down 12 cents on July 2 at $91.55. USDA’s pork carcass cutout value was $1.66...

Corn Extend Gains to Tuesday

Corn futures extended the rally to Tuesday, with contracts closing 3 ½ to 6 ¾ cents higher, as July was just 1 ¾ cents higher. The CmdtyView national average Cash Corn price was a nickel higher at $4.13 3/4. The weekly Crop Progress report showed 16% of the US corn...