Nasdaq Commodities

Malaysian palm oil futures declined more than 1% on Monday, after palm posted its best week in two decades, as Malaysian Palm Oil Board (MPOB) data showed higher-than-expected April supply.

Copper raced to a new record peak on Monday as investors worried about missing out on further gains while some industrial users bit the bullet after waiting for lower prices.

A group of 15 key copper smelters in China has agreed to cut purchases of raw material copper concentrate in 2021 by 8.8% on the year, state-backed research house Antaike said, in a bid to boost flagging treatment and refining charges (TC/RCs).

Nigeria's mid-crop cocoa output is expected to rise following higher than expected rainfall which has helped boost output for the 2020/21 season to an estimated 320,000 tonnes, the president of the Cocoa Association said.

Raw sugar futures on ICE were higher on Monday, boosted by the prospect of a decline in production in top exporter Brazil following drier-than-normal weather.

Chicago corn futures fell on Monday as the market took a breather after a rally to eight-year highs on Friday with traders focusing on this week's U.S. world supply-demand report for new price direction.

Mining companies need to invest nearly $1.7 trillion in the next 15 years to help supply enough copper, cobalt, nickel and other metals needed for the shift to a low carbon world, according to consultancy Wood Mackenzie.

China's ferrous prices took off on Monday, with benchmark iron ore and steel futures hitting all-time highs amid robust demand and supply concerns, as expectations of rising inflation rates also fuelled speculative buying.

British airline stocks lost ground on Monday after the government set out a limited reopening of travel, but losses were cushioned by hopes that a bigger take-off would be on the cards for June.

China's live hog futures fell almost 7% on Monday, the biggest decline since the contract launched in January, as physical prices across the country weakened further.

Taiwan will quarantine all pilots for its largest carrier China Airlines Ltd for 14 days as it tries to stop an outbreak of COVID-19, the health minister said on Monday, impacting a lifeline for the island's trade-dependent economy.

Cocoa arrivals at ports in top grower Ivory Coast reached 1.879 million tonnes by May 9 since the start of the season on Oct. 1, exporters estimated on Monday, up 6.8% from the same period last season.

Taiwan will quarantine all pilots for its largest carrier China Airlines Ltd for 14 days as it tries to stop an outbreak of COVID-19 among its crew, effectively grounding the airline, the health minister said on Monday.

South Korea's Feed Leaders Committee (FLC) on Friday purchased about 60,000 tonnes of animal feed wheat expected to be sourced from the Black Sea region in a private deal without issuing an international tender, European traders said on Monday.

An eventful weekend as a cyber attack forced the shutdown of much of the Colonial pipeline -- the source of half the U.S. East Coast's fuel supply.

Malaysia's end-April palm oil inventories rose to a five-month high, beating market estimates as production grew for a second consecutive month, official data showed on Monday.

Copper prices touched record highs in both London and Shanghai markets on hopes for improved demand amid tightening supply.

Aurubis AG, Europe's largest copper producer, on Monday posted strong quarterly earnings and reiterated its annual outlook on expectations of high copper demand and prices as economies recover from the fallout of the COVID-19 pandemic.

Aurubis AG, Europe's largest copper producer, on Monday posted strong quarterly earnings and said it remains upbeat about prospects for its current financial year on expectations of high copper demand and prices as economies recover from the COVID-19 pandemic.

Europe's consumers will feel the hit from price rises this year as companies seek to recoup revenues and cover pandemic-related costs. But for now, this is inflation the European Central Bank believes it can live with.