Nasdaq Commodities

Arabica coffee futures on ICE rose to the highest level in more than three years on Tuesday with supplies set to tighten over the next few months, while raw sugar climbed to a two-month peak.

U.S.-based meat processor Perdue is shipping some 31,450 tonnes of Brazilian soybeans into the United States, according to line-up data from shipping agency Cargonave, as stocks dwindle in the destination market.

Canadian farmers intend to expand canola plantings as they look to cash in on record high prices, but not as aggressively as expected, a government report showed on Tuesday.

Namibia is struggling to contain a third wave of an African migratory red locust outbreak, which has now destroyed 719,000 hectares of grazing land and 1,207 hectares of crop fields in 10 of the country's 14 regions, the agriculture ministry said on Tuesday.

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

A unnamed investor has agreed to inject up to 3.15 billion baht($100.41 million) into the Thai unit of AirAsia Group Bhd as part of a restructuring plan proposed by parent company Asia Aviation PCL, a Tuesday filing said.

Canadian farmers expected to plant 3.6% more canola in 2021 than in 2020, while overall wheat plantings were seen dropping by 6.9%, Statistics Canada said on Tuesday.

Chicago corn, wheat and soybean futures extended a rally on Tuesday to eight-year highs, supported by corn supply worries as adverse weather cast early doubts over harvest prospects in top exporters the United States and Brazil.

Egypt's state grains buyer, the General Authority for Supply Commodities (GASC,) on Tuesday received a lowest offer of $268.47 per tonne for 60,000 tonnes of Romanian wheat in an international purchasing tender for the grain, traders said.

Arabica coffee futures on ICE rose to the highest level in more than three years on Tuesday with supplies set to tighten while raw sugar climbed to a two-month peak.

Heathrow Airport can charge airlines 30 pence ($0.42) more per passenger to help recover pandemic losses, Britain's regulator said on Tuesday, a fraction of what Heathrow had asked for but enough to infuriate the owner of British Airways.

Words like ‘unprecedented’ have sometimes been used within the last year to describe price action for Chicago-traded corn futures, but now that term almost underrepresents the situation given the scope of the rally over the last several weeks.

The lowest offer presented at an Egyptian state tender for wheat on Tuesday was $268.47 per tonne for 60,000 tonnes of Romanian grain, traders said.

The organisers of an initial public offering (IPO) by Russian forestry group Segezha are guiding investors that bids under 8 roubles ($0.1069) per share risk missing out on the transaction, three financial market sources told Reuters on Tuesday.

Archer-Daniels-Midland Co reported a 76.2% rise in first-quarter profit on Tuesday, as the U.S. grains merchant benefited from growth in its agricultural services and carbohydrate solutions businesses.

Aluminum Corp of China Ltd, or Chalco, said on Tuesday net profits rose thirtyfold year-on-year in the first quarter, hitting their highest in more than five years as aluminium prices soared to decade peaks and output increased.

Britain's Jet2 said bookings for winter and summer 2022 were encouraging but it had less visibility on immediate travel as passengers delay holidays amid the uncertainty, threatening hopes for a bumper peak season.

The China Nonferrous Metals Industry Association (CNIA) has appointed Fan Shunke as its new head of aluminium, a spokeswoman said on Tuesday, following the retirement of the long-serving Wen Xianjun earlier this month. [nL1N2M007Z]

The lowest price offered in the international tender to buy 50,000 tonnes of sugar from Pakistan's state trading agency Trading Corporation of Pakistan (TCP) which closed on Tuesday is believed to be around $447 tonne c&f, European traders said in initial assessments.

Belarus has almost completed the 2021 early spring grain sowing, seeding 735,900 hectares of various grains, the agriculture ministry data showed on Tuesday.