Nasdaq Commodities

Copper prices rose on Tuesday, as the dollar weakened on bets of interest rate cuts by the U.S. Federal Reserve, making greenback-priced metals cheaper for holders of other currencies.

A U.S. watchdog's plan to supervise companies like Apple and Alphabet's Google that provide digital wallets and payment apps risks stifling innovation and keeping some players out of the market, their lobby group said on Monday.

Chicago soybean and corn futures steadied on Tuesday after falling oil prices and improved crop conditions in major producer Brazil dragged them to multi-year lows in the previous trading session.

U.S. aluminum producer Alcoa said on Tuesday it planned to stop production in 2024 at its loss-making Kwinana Alumina Refinery in Western Australia because of challenging market conditions and the facility's age.

Malaysian palm oil futures were little changed on Tuesday as market participants awaited monthly Malaysian Palm Oil Board (MPOB) data scheduled for release on Wednesday for further direction.

Plans by Hong Kong's Cathay Pacific Airways to slash flights during the busy Lunar New Year period show the airline needs to address its capacity problems, the city's leader said, while its pilot union called for a government enquiry.

U.S. aluminum producer Alcoa said on Tuesday it planned to fully curtail production in 2024 at its Kwinana Alumina Refinery in Western Australia, with the process beginning in the second quarter this year.

Airbus is nearing an order from Delta Air Lines for dozens of wide-body jets including extra A350-1000 aircraft, industry sources told Reuters.

Historic dryness in Brazil’s top soybean state supported Chicago soybean futures late last year, but rains have started to return, and speculators have been in selling mode across the entire soybean complex for a few weeks now.

The new year started with a bang in the Chinese alumina market after a Dec. 18 explosion at an oil terminal in Conakry, the capital of Guinea, which is a major bauxite supplier to China's alumina refineries.

The following are analysts' estimates ahead of the U.S. Department of Agriculture's final 2023 crop production report, which will include corn and soybean estimates.

Global stock indexes rose on Monday with gains in U.S. tech-related shares driving a more than a 2% jump in the Nasdaq, while U.S. oil prices dropped 4% as price cuts by top exporter Saudi Arabia overshadowed Middle East tensions.

London cocoa futures on ICE sank to a two-month low on Monday, weighed partly by rains in top grower Ivory Coast while arabica coffee prices also weakened.

U.S. corn futures sank to their lowest level in more than three years on Monday and soybean futures set a two-year low as steep declines in crude oil prices spilled over into agricultural markets.

The Nasdaq scored its first gain of at least 1% in 2024 on Monday, as a fall in Treasury yields helped lift megacap stocks, while a sharp drop in Boeing shares kept gains on the Dow Industrials in check.

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U.S. corn futures sank to their lowest level in more than three years on Monday and soybean futures set a two-year low as steep declines in crude oil prices spilled over into agricultural markets, analysts said.

Tech-laden Nasdaq jumped more than 1% to a near one-week high on Monday, boosted by a rebound in megacaps and chip stocks, while blue-chip index Dow slipped to a fresh two-week low as Boeing shares tanked following the grounding of some its jets.

Tiger Woods, who has worn Nike apparel since first signing with the company in 1996, has parted ways with the sportswear giant, the 15-times major champion said on Monday in a social media post.

Tiger Woods, who has worn Nike apparel since first signing with the company as a newly professional 20-year-old, has parted ways with the sportswear giant, the 15-times major champion said on Monday in a social media post.