Nasdaq Commodities

Vietnam's northern province of Bac Giang ordered on Tuesday four industrial parks, including three that house production facilities of Taiwan's Foxconn, to temporarily shut down due to an outbreak of COVID-19.

Argentine growers have sold 18.5 million tonnes of soybeans from the current 2020/21 season, after clinching deals for 1.2 million tonnes over the last week alone, the Agriculture Ministry said in a report on Tuesday.

The 2021-22 marketing year is still a few months away, but China within the last few days has secured nearly a third of its expected corn needs out of the United States for next season.

The Brazilian government expects sugar production from the main center-south region to fall 6.4% compared to the previous crop to 35.8 million tonnes, saying insufficient rains hurt sugar cane development.

A federal judge on Tuesday questioned a $2 billion proposal by Bayer AG that would create a framework for resolving future claims that its Roundup weedkiller causes cancer, casting doubt on the plan a day before a key hearing.

U.S. corn futures rose for the second day in a row on Tuesday, supported by strong export demand as well as concerns that forecasts for dry weather in parts of the United States could stress the recently seeded crop, traders said.

Brazil's private port terminals moved some 185 million tonnes of cargo in the first quarter, an 11% annual increase driven mainly by trade in mineral and agricultural commodities, data compiled by private port lobby group ATP showed on Tuesday.

A federal judge on Tuesday questioned why he should approve a $2 billion proposal by Bayer AG that would create a framework for resolving future claims that the company's Roundup weedkiller causes cancer, casting doubt a day before a key hearing on the plan.

Yield prospects for hard red winter wheat in central Kansas were above average, scouts on an annual crop tour said on Tuesday, although yield-robbing diseases, primarily stripe rust, were prevalent in some areas, reflecting generally cool and wet conditions.

Italian luxury group Valentino said on Tuesday it would stop using fur from next year and would focus on its main, eponymous brand, ditching its second, younger line from 2024.

Grain trade association Coceral on Tuesday raised its forecast of this year's soft wheat production in the European Union, citing excellent yield prospects in Balkan countries and Spain.

Air France-KLM flew a biofuel-powered Airbus A350 from Paris to Montreal on Tuesday, demonstrating the airline's readiness to adopt low-emissions fuel despite deep industry divisions over the pace of its adoption.

U.S. corn futures rallied for the second day in a row on Tuesday, supported by strong export demand as well as concerns that forecasts for dry weather in parts of the United States could stress the recently seeded crop, traders said.

Grain trade association Coceral on Tuesday raised its forecast of this year's soft wheat production in the European Union's 27 member states to 130.9 tonnes from 126.6 million estimated in March.

Raw sugar futures on ICE rose on Tuesday amid upbeat sentiment in wider financial markets as investors overlooked rising COVID-19 cases in Asia to focus on bets that U.S. interest rates will remain low. [MKTS/GLOB]

The billionaire Italian family that until recently owned Brooks Brothers has been accused in a lawsuit of driving the iconic apparel retailer into bankruptcy instead of selling it, to avoid paying millions of dollars to an investor.

India's government plan to increase ethanol blending in gasoline will erase the country's exportable sugar surplus in two to three years, according to the chairman of a large Indian company in the sector.

Sugar production in the European Union (EU) is expected to rise by 800,000 tonnes in the 2021/22 season to 14.7 million tonnes, despite a marginal decrease in beet plantings, Peter De Klerk, senior economist at the International Sugar Organization, said on Tuesday.

Argentine farm groups will halt trading of livestock in protest against a 30-day government ban on beef exports aimed at bringing down domestic prices, the country's main producer groups said in a joint statement on Tuesday.

British retailer Marks & Spencer has promoted strategy chief Katie Bickerstaffe and food boss Stuart Machin in a major shake-up of its management team's responsibilities, making them the internal frontrunners to succeed Steve Rowe as chief executive.