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  • Reuters

    China buys U.S., Brazilian soybeans after price drop

    Chinese importers bought a small number of bulk soybean cargoes on Wednesday for shipment in December and January from the U.S. Gulf Coast and Brazilian ports, analysts and an export trader said. The purchases of around 3 to 4 cargoes, or up to about 240,000 tonnes, came after a sharp drop in prices on Tuesday as benchmark Chicago Board of Trade soybean futures fell nearly 2%. Importers in China, the world's top soy buyer, have booked more Brazilian soybean shipments than normal this year during the traditional fall U.S. soy export season amid high U.S. prices and a stronger dollar.

  • Reuters

    UPDATE 1-Australia's Crown says Blackstone's $6.2 bln buyout offer not 'compelling'

    Australian casino firm Crown Resorts Ltd said on Thursday investment giant Blackstone Group Inc's $6.2 billion buyout offer did not represent "compelling value" for its shareholders. Crown, however, added it offered Blackstone access to non-public information to allow it to undertake initial due diligence inquiries for a revised proposal. The A$12.50-a-share proposal in November was the third from Blackstone to win control of Crown, which has faced devastating misconduct inquiries in every state it operates in and has been hurt by protracted lockdowns.

  • Associated Press

    Study: Climate change not causing Madagascar drought, famine

    World Weather Attribution, which does real time studies of extreme weather throughout the world, examined the drought, which has left Madagascar with 60% of its normal rainfall from July 2019 to June 2021. The group found no statistically significant fingerprint of human-caused climate change.