Nasdaq Commodities

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

Cristal Union will likely double its net profit this season on higher expected output and price support from lower Brazilian production, the director general of France's second-largest sugar maker said.

Canadian fertilizer company Nutrien Ltd said on Monday it expects to increase potash production by about half a million tonnes in the second half of the year compared to earlier expectations, due to strong global demand.

Canadian fertilizer company Nutrien Ltd said on Monday it expects to increase potash production by about half a million tonne in the second half of the year compared to earlier expectations, due to strong global demand. (Reporting by Rithika Krishna in Bengaluru; Editing by Vinay Dwivedi) ((Rithika.Krishna@thomsonreuters.com;)) nL3N2NP2WB

Chicago corn rose more than 2% and hit its highest since mid-May on Monday, supported by dry weather in the U.S. Midwest that threatens to curb world supplies amid strong demand.

Raw sugar and arabica coffee futures on ICE were lower on Monday, with some showers forecast in drought-hit Brazil over the next few days, while cocoa prices also fell.

Speculators for the past few weeks had been retreating from their highly bullish bets in Chicago-traded corn, but U.S. weather uncertainties and strong export and domestic demand had them rethinking that trend last week.

Nolan Paquette started working part-time at his local sawmill more than 20 years ago while still at school, pushing a broom on the clean-up team. Now 38, Paquette drives trucks and operates machinery at the same Western Forest Products-owned mill in Duke Point, Nanaimo, the third generation of his family to work in forestry on British Columbia's Vancouver Island.

Russian export prices for the summer's new wheat crop were steady last week due to a stronger rouble, which was supported by higher oil prices, analysts said on Monday.

Copper prices eased on Monday as investors took fright from weaker than expected trade data from top consumer China showing lacklustre demand.

France's second-largest sugar maker Cristal Union on Monday posted a 69 million euro ($84 million) net profit in the 2020/21 financial against an 89 million euro loss a year earlier, confirming a figure given to Reuters in late May.

Global commodities trader Trafigura and Norway's Yara said on Monday they had signed a memorandum of understanding (MoU) aiming to supply the marine industry with carbon emissions-free ammonia for fuel.

Russian agriculture consultancy IKAR said on Monday it had raised its forecast for Russia's 2021 wheat crop by 500,000 tonnes to 80 million tonnes.

Flag carrier Garuda Indonesia will return two Boeing B737-800 jets to one of its lessors before their lease term ends as part of its efforts to improve its finances, the airline said in a statement on Monday.

Tunisia expects to harvest 1.07 million tonnes of durum wheat, 0.16 million tonnes of soft wheat and 0.4 million tonnes of barley in this year's crop, which is expected to be 7% bigger than last year, the Agriculture Ministry said on Monday.

Russian aluminium producer Rusal is expected to complete the demerger of its higher-carbon assets into a separate company in the first quarter of 2022, its head of strategy Oleg Mukhamedshin told Reuters.

Tunisia expects to harvest 1.07 million tonnes of durum wheat, 0.16 million tonnes of soft wheat and 0.4 million tonnes of barley in this year's crop, which is expected to be 7% bigger than last year, the Agriculture Ministry said on Monday.

Switzerland could become the first European country to ban artificial pesticides in a June 13 referendum which backers of the initiative hope will trigger similar prohibitions elsewhere.

Global commodities trader Trafigura and Norway's Yara said on Monday they had signed a memorandum of understanding (MoU) aiming to supply the marine industry with carbon emissions-free ammonia for fuel.

London copper prices fell on Monday, as a lower-than-expected Chinese exports data sparked concerns of weakening demand for the red metal, which is often considered a bellwether of the global economy due to its wide industrial uses.