Revenues rise at tobacco firm Imperial despite weak e-cigarette sales – Yahoo Finance UK

Revenues rise at tobacco firm Imperial despite weak e-cigarette sales – Yahoo Finance UK

Bloomberg

Soybeans Edge Higher as China Demand, Brazil Weather Weighed

(Bloomberg) — Soybean futures closed higher after swinging between gains and losses as as investors weighed global scarcity against signs of beneficial weather in Brazil, the world’s top producer and exporter. Soybean oil extended a rally to a six-year high, and grains declined.Expectations for record Chinese imports, driven in part on concern that dryness in South America will crimp world supply, drove soybeans on Wednesday to the highest since June 2014. Demand by the Asian nation has drained inventory for the balance of 2020, according to Archer-Daniels-Midland Co., one of the world’s top agriculture traders.The U.S. this quarter is “in a great position to be able to have the largest export program ever,” Greg Morris, president of ADM’s Ag Services and Oilseeds, said at an investment conference.Despite drought made worse by a La Nina weather system, Brazil’s next soybean harvest may still be a record after farmers planted crops more widely. Parts of South America are getting beneficial showers.Soybean futures for January delivery rose 0.2% to close at $11.775 a bushel on the Chicago Board of Trade after falling as much as 1.2%.On Wednesday, the oilseed reached $11.8975, the highest for a most-active contract since June 30, 2014. The U.S. is the second-biggest exporter.Soybean-oil futures for January delivery climbed 0.8% to
Source…

Next Post

Coronavirus saw people swapping e-cigarettes for tobacco, helping boost sales - Yahoo Sports

Tue Nov 17 , 2020
Coronavirus saw people swapping e-cigarettes for tobacco, helping boost sales - Yahoo Sports