Nasdaq Commodities

Daily energy market commentary provided by Nasdaq Corporate Solutions Advisory Services' Energy Team.

Raw sugar futures on ICE fell on Friday, reversing the previous session's gains as attention returned to improving supply prospects, while robusta coffee extended its gains as farmers hold back supplies.

Corona beer maker Constellation Brands' third-quarter sales fell short of market expectations on Friday, as demand for its higher-priced spirits and wines slowed down in the face of sticky inflation.

Chicago soybean futures edged higher on Friday, but the market was on track for a third weekly decline as much needed rains across Brazil and forecasts for more wet weather eased concerns over yield losses.

India's economy is expected to grow 7.3% in the current fiscal year ending in March, the highest rate of the major global economies, helped by state spending and a pickup in manufacturing, the National Statistics Office said on Friday.

Copper prices in London fell to the lowest level in three weeks on Friday as reduced bets for an early Federal Reserve interest rate cut lifted the dollar, making metals more expensive for holders of other currencies.

Malaysian palm oil futures rose for a second consecutive session on Friday as investors assessed the prospects of production cuts in Malaysia.

The United Nations food agency's world price index ended last year about 10% below its 2022, with values in December also down from the previous month, helping further ease concerns over global food price inflation.

Thailand is expected to produce 8-8.5 million tonnes of sugar in the 2023/24 production year, a drop of about 25% from the previous year, the head of the Office of Sugar and Cane Board said on Friday.

The United Nations food agency's world price index ended last year about 10% below its year-earlier level, with values in December also down from the previous month.

Malaysian palm oil futures rose for a second consecutive session on Friday as investors assessed the prospects of production cuts in Malaysia.

Taiwan's MFIG purchasing group has issued an international tender to buy up to 65,000 metric tons of animal feed corn, which can be sourced from the United States, Brazil, Argentina or South Africa, European traders said on Friday.

Copper prices edged up on Friday, underpinned by supply concerns of the metal, which offset shifting investor expectations of the U.S. Federal Reserve's interest rate cuts.

Chicago soybean futures edged higher on Friday, but the market was on track for a third weekly decline as much needed rains across Brazil and forecasts for more wet weather eased concerns over yield losses.

Malaysian palm oil futures rose for a second consecutive session on Friday, buoyed by prospects of a decline in production and robust imports to India.

Prices of copper rebounded on Friday as the dollar edged lower, but the market's revised expectation of the scale and timing of the U.S. Federal Reserve's interes rate cuts capped gains.

A Coast Guard plane was making its third emergency trip to an earthquake zone within 24 hours when it collided with a passenger jet at a very busy Haneda airport, a Coast Guard official told Reuters.

Crews at Tokyo's Haneda Airport started clearing the charred wreckage of a Japan Airlines(JAL) plane from a runway on Friday, footage from Japanese broadcaster TBS showed, as investigators worked to determine what caused the deadly accident.

Crews at Tokyo's Haneda airport are scheduled to begin clearing the wreckage of a Japan Airlines (JAL) plane from a runway on Friday morning, Japanese broadcaster TBS reported.

In trading on Thursday, shares of Commercial Metals Co. (Symbol: CMC) crossed below their 200 day moving average of $48.77, changing hands as low as $48.23 per share. Commercial Metals Co. shares are currently trading off about 1.4% on the day. The chart below shows the one y