Malaysian palm oil futures jumped 5% on Friday, climbing to their highest level since 2008 and recording their biggest weekly gain since 2001, underpinned by growing concerns over global supplies.
With copper prices on the London Metal Exchange at record highs above $10,000 per tonne, key Chinese buyers who had been holding off purchases in the hope of a pullback now face the prospect of "higher for longer" copper costs.
Copper burst higher on Friday to a record peak, fuelled by speculators and industrial buyers on the back of rosy economic data as Western economies recover from the pandemic.
Air Canada on Friday reported its fifth straight quarterly loss despite securing a C$5.9 billion ($4.84 billion)government aid package, as rising coronavirus infections in parts of the world and travel restrictions limited traffic.
Importers in Thailand are said to have made no made no purchase in a tender for up to 455,000 tonnes of animal feed wheat and 420,000 tonnes of feed barley this week, European traders said on Friday.
China's aviation regulator said on Friday that it would suspend an Air France flight from Paris to Shanghai for another two weeks from May 24 due to COVID-19 cases.
The Malaysian economy should see a less severe slump in the first quarter of 2021 than it did in the previous three months, helped by resilient manufacturing activity and growing external demand, according to economists polled by Reuters.
Ukrainian grain exports have fallen by 23.6% to 39.24 million tonnes so far in the July 2020 to June 2021 season, agriculture ministry data showed on Friday.
Rising demand for lithium is stoking prices for the electric vehicle battery metal, fueling long-delayed expansions that still may not produce adequate supplies that automakers need to meet aggressive production plans.
European stocks hit a record high on Friday as strong economic data from Germany and other major economies as well as upbeat earnings underpinned hopes of a swift economic recovery from the pandemic shock.
China's 2021 corn output is forecast to rise 4.3% from the previous year to 272 million tonnes, a government think tank said on Friday, in the first estimate by an official agency for the crop to be harvested later this year.
Chicago corn futures climbed on Friday to their highest in more than eight years, as concerns about global supplies pushed the market towards its sixth weekly gain.
The condition of French soft wheat declined for a fourth consecutive week but remained well above the level a year earlier, data from farm office FranceAgriMer showed on Friday, as crops emerged from a chilly, dry April.
Currency markets are in a transition period, with traders shifting away from safe currencies into the riskier high-yield and commodity currencies that are likely to prosper.
Russian agriculture consultancy IKAR has lowered its 2021 Russian wheat production forecast to 79 million tonnes from 79.5 million tonnes, it said on Friday.
Jewellery maker Pandora's April sales grew by 214% from a year earlier to 1.76 billion Danish crowns ($285.39 million) despite 25% of its stores remaining closed, it said in a trading update on Friday.
European stocks hit a record high on Friday as strong economic data from Germany and other major economies as well as upbeat earnings added to hopes of a swift economic recovery from the pandemic shock.
An estimated 79% of French soft wheat was in good or excellent condition in the week to May 3, down from 81% the previous week, farm office FranceAgriMer said on Friday.
Japan Airlines (JAL) on Friday said its fourth quarter operating loss quadrupled to 104.1 billion yen ($953.9 million) as coronavirus restrictions continued to curb air travel demand.
Checked
22 minutes 24 seconds ago
This feed is responsible for generating the rss feed related to the topic Commodities