* Malaysian palm oil futures recovered from early session losses to hit a two-month high on Wednesday evening as it tracked gains in rival oilseed soy on the Chicago Board of Trade (CBOT).
* U.S. wheat futures firmed on Wednesday, with MGEX spring wheat contracts posting the biggest gains as results from a crop tour confirmed that drought in the northern Plains severely crimped
harvest potential in that key growing region.
* Oil prices rose to near eight-week highs on Wednesday, with Brent crude futures above $50 a barrel, as a much steeper than expected decline in U.S. inventories encouraged hopes the global crude glut would recede.
* The dollar touched its lowest in more than a year and U.S. Treasury prices rose on Wednesday after the Federal Reserve left interest rates unchanged and signaled it could begin to cut its massive bond portfolio in the coming months.
European vegoils-Palm oil eases on ringgit, rising output outlook
Romania urges EU to end “double standards” in food labelling
COLUMN-Above-trend U.S. soybean crop still in the cards –Braun
Noble shrinks, sells part of business to Mercuria as it faces huge quarterly loss
Indonesia closer to mining deal with Freeport, but hurdles remain
Cargo surveyor ITS releases Malaysia’s July 1-15 palm oil export data on July 31.
Cargo surveyor SGS releases Malaysia’s July 1-15 palm oil export data on July 31.