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Soybean futures on the Chicago Mercantile Exchange fell for the second consecutive session on Wednesday April 30, pressured by selling in the soyoil market and plummeting crude prices.
The European Union’s Carbon Border Adjustment Mechanism will be implemented in seven months’ time but the region’s steel industry was still not fully prepared for the gradual changes the system will involve, Fastmarkets heard on Thursday May 8 at the Made in Steel trade fair in Milan, Italy.
US futures moved into positive territory on Wednesday April 30, on bargain buying following double-digit declines observed on Tuesday April 29.
Ford Motor Company will offset $1 billion of an expected $2.5 billion exposure from tariffs and remains “on track and within our original full-year guidance range of $7 billion-8.5 billion” in operating earnings for 2025, Jim Farley, president and chief executive officer, said during the automaker’s first-quarter earnings call on Monday March 5.
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