Close: London Session | Forex, Metals, Oil, Agriculture October 28, 2022



The company takes corn syrup and mixes it with genetically engineered enzymes, through a proprietary process, to create substitutes for common chemicals normally made using phosphates and oil. Cocoa Boycott | Ivory Coast and Ghana, which account for two-thirds of global cocoa production, boycotted industry talks in a protest about poverty among West African farmers. New seeds | With corn stalks facing greater risks of being toppled by extreme winds, Bayer is working to make the plants shorter.
For now, Solugen uses the sugar molecules in corn syrup. Cocoa beans.


Bloomberg s dollar gauge advanced for a second day, pressuring all Group-of-10 currencies. The euro traded back below $1, even after better-than-expected German growth data.


Oil slid along with gold and Bitcoin.


The first startups designing sustainable materials, which emerged a couple decades ago, were outmatched when oil and natural gas prices fell. While US fuel now makes up 40% of Europe s liquefied natural gas imports, it will only offset a fraction of the deficit from Russia next summer. Further Reading The mystery of America s millions of missing oil barrels. Occidental Petroleum CEO Vicki Hollub wants to sell you net-zero oil.

United States

Fed forecasts released at the September meeting showed rates reaching 4.4% this year and 4.6% next year, before cuts in 2024. That means people previously booted off the platform may be allowed to return, a category that would include former president Donald Trump, the person said. He also intends to do away with permanent bans on users, which may allow Trump back on to the social media platform. News to Note A federal appeals court rejected Trump s request to reconsider a ruling that his tax returns must be disclosed to a congressional committee.
The Fed is facing billions in losses on its Treasuries holdings, while the ECB is reluctant to announce a start date for the planned reduction in its portfolio. South African President Cyril Ramaphosa criticized the US for failing to discuss a terror alert issued by the American Embassy with local authorities beforehand.Pop quiz (no cheating!) That should make it a bit easier for farmers to get hold of crucial nutrients.But in the US, growers have another headache to contend with.
Risk off It s a risk-off day, with S&P 500 futures sliding 0.8% as of 5:46 a.m. in New York and Nasdaq 100 contracts seeing a steeper 1.3% decline.


Elements by Javier BlasDon t exaggerate the cracks in the relationship between French President Emmanuel Macron and German Chancellor Olaf Scholz.