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The hottest commodity in China is feeding the world’s livestock

  Bloomberg Nobody told China’s soybean meal traders that the commodity frenzy is over. While trading in everything from steel to cotton futures collapsed following steps by the country’s regulators to deflate a speculative bubble in April, the volume of soymeal contracts has continued to expand. The amount of the animal feedstock changing hands in a single day on the ...

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As cities swell, West Africa’s appetite for rice is growing

  Bloomberg Rice is fast becoming West Africa’s preferred food. After four decades of importing the staple, the region now aims to grow enough rice to meet domestic demand. Rice harvests in West Africa will probably reach an all-time high of 14.9 million metric tons this year, up from 14.6 million tons last year, when Senegal and Ghana produced record ...

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Iran to ink $25bn deal with Boeing for 100 jetliners

  Tehran / Bloomberg Iran is preparing to unveil a historic agreement for Boeing Co. jetliners within days that could be valued at about $25 billion. The transaction would be the first struck by the planemaker since sanctions were lifted in January and would require US government approval. An order listed at $27 billion announced by Europe’s Airbus Group SE ...

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