Nasdaq Commodities

French cooperative group InVivo expects to sign an agreement to acquire agribusiness peer Soufflet in the next two weeks, InVivo's CEO said on Wednesday.

Raw sugar futures on ICE edged off the prior session's two-month peak on Wednesday while arabica coffee fell from Tuesday's 3-1/2 year high as the two markets consolidated, taking a lead from copper, grains and oil, which were off their peaks. [GRA/] [O/R] [MET/L]

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

South Korea's Major Feedmill Group (MFG) purchased an estimated 203,000 tonnes of corn to be sourced from South America, South Africa and optional origins in an international tender which closed on Wednesday, European traders said.

Ukraine's 2020/21 season corn ending stocks could reach a record 2.7 million tonnes, or 70% more than a season earlier, the APK-Inform agriculture consultancy said on Wednesday.

Chicago corn, wheat and soybean futures fell on Wednesday, retreating from eight-year highs struck a day earlier as the market assessed the extent of weather risks that had fanned the recent run-up in prices.

South Korea's largest animal feed maker Nonghyup Feed Inc. (NOFI) purchased around 69,000 tonnes of animal feed corn in an international tender which closed on Wednesday, European traders said.

Egypt's state grains buyer, the General Authority for Supply Commodities (GASC,) on Moday received offers for vegetable oils in international and domestic tenders, traders said.

Boeing Co on Wednesday reported a smaller quarterly loss, helped by an improvement in aircraft deliveries as its 737 MAX jets come back on line and airlines prepare for a recovery in travel this summer.

When it came time to land at San Francisco on July 7, 2017, the pilots of an Air Canada jet could not recall a critical piece of information buried on page eight of a 27-page briefing package: the closure of one of the airport's two runways.

When Microsoft Corp made a massive purchase of carbon credits in January, it turned to a relatively new source: farmers who plant crops meant to trap carbon in the soil.

Jordan's state grain buyer made no purchase in an international tender for 120,000 tonnes of animal feed barley which closed on Wednesday, European traders said.

Copper eased from 10-year highs on Wednesday ahead of a policy announcement by the U.S. Federal Reserve, but analysts at Goldman Sachs joined others predicting a rally to record levels.

Russia is considering reducing its export tax on soybeans to 20%, but not to less than $100 per tonne, starting from July 1, the Interfax news agency reported on Wednesday, citing a source familiar with discussions among officials.

Malaysian palm oil futures fell 3.1% on Wednesday, giving up gains from the previous session, as traders booked profits ahead of a public holiday and as rival oils weakened.

Russian forestry group Segezha debuted on the Moscow Exchange at around 8 roubles per share on Wednesday, matching its final IPO offer price and implying a market capitalisation of 125.5 billion roubles ($1.68 billion), the company said.

The net income of commodities trader Cargill Inc in Brazil reached 2.1 billion reais ($385.2 million) in 2020, the company said on Wednesday, an increase over 2019 results, boosted in large part by the devaluation of the local currency.

Russian forestry group Segezha debuted on the Moscow Exchange at around 8 roubles per share on Wednesday, matching its final IPO offer price and implying a market capitalisation of 125.5 billion roubles ($1.68 billion), the company said.

It's a packed day with U.S. President Joe Biden's first speech to both houses of Congress, the Federal Reserve set to conclude a two-day meeting and a slew of first-quarter earnings.

German sportswear company Puma reported a 26% jump in first-quarter sales on Wednesday despite ongoing coronavirus lockdowns, supply chain issues and consumer backlash facing Western brands in China over their comments on Xinjiang.