Nasdaq Commodities

Budget carrier Norwegian Air expects to have a cash holding of 7 billion Norwegian crowns ($842.6 million) if it manages to raise the full amount of capital it seeks this month, it said on Monday.

Speculators were expected last week to have gone on a record buying spree in Chicago corn, but it was a commercial short squeeze that seemed to better explain the highly volatile price activity.

Malaysian palm oil futures logged their highest daily gain in 11 months, buoyed by stronger April exports and a rally in rival soyoil amid worries about global edible oils supply.

Chicago corn futures rose on Monday, building on strength seen last week to hit their highest since March 2013 as dry weather in Brazil raised concerns about global supplies.

Global grains merchants are using satellites and spies to surveil Brazil's soybean heartland and deploying an army of lawyers to ensure farmers deliver promised crops instead of finding a different buyer at prices that have doubled since deals were made.

Illycaffè posted a 25% drop in 2020 core earnings as restrictions put in place to contain the COVID-19 pandemic hit consumption in bars and restaurants, the Italian coffee maker said in a statement on Monday.

Consultancy Strategie Grains expects new-crop rapeseed prices to exceed those of 2020/21, which have rallied to record highs in recent months on tightening global supply and high crushing margins.

Indonesian state miner Aneka Tambang (Antam) said on Monday its nickel ore output rose more than four-fold in the first three months of 2021 compared to the same period a year ago.

Consultancy Strategie Grains kept its forecast for the 2021 rapeseed harvest in the 27-nation European Union almost unchanged at 16.78 million tonnes, against the 16.80 million tonnes projected a month ago.

Australia on Monday defended its decision to penalise its own citizens entering the country within two weeks of being in COVID-ravaged India, saying it had "strong, clear and absolute" belief the move was legal.

German retail sales posted their biggest year-on-year increase in March since the start of the COVID-19 pandemic, data showed on Monday, as the relaxation of some lockdown measures boosted purchases of clothes and shoes.

Bangladesh's state grains buyer received the lowest bid of $407.79 a tonne CIF liner in a tender for purchasing 50,000 tonnes of rice that closed on Sunday, traders said in initial assessments on Monday.

Chicago corn futures rose for a third consecutive session on Monday to hit their highest since March 2013 as dry weather in Brazil raised concerns about global supplies.

The lowest price offered in the tender from Bangladesh's state grains buyer to purchase 50,000 tonnes of rice which closed on Sunday was estimated at $407.79 a tonne CIF liner out, traders said in initial assessments on Monday.

Indonesian low-cost start-up airline Super Air Jet aims to begin flying soon with a business model focused on tech-obsessed millennials with a propensity to travel, the carrier's chief executive, Ari Azhari, said on Monday.

Malaysian palm oil futures climbed 4% on Monday, buoyed by stronger April exports and a rally in rival soyoil amid worries about global edible oils supply.

Chicago corn futures rose for a third consecutive session on Monday to hit their highest since March 2013 as dry weather in Brazil raised concerns about global supplies.

Western Australia state reported no new locally acquired COVID-19 cases for the second straight day on Monday, allaying fears of a second lockdown in two weeks after three new coronavirus cases were detected over the weekend.

Malaysian palm oil futures rose 5% on Monday and were on track for their best session in more than 11 months, buoyed by stronger April exports and a rally in rival soyoil amid worries about global edible oils supply.

Singapore Airlines Ltd said on Monday it had raised about S$2 billion ($1.50 billion) through sale-and-leaseback deals for 11 of its planes to help bolster liquidity as it grapples with the pandemic-related plunge in travel.