Nasdaq Commodities

U.S. corn and soybean futures climbed to multi-year highs on Wednesday, supported by firm cash markets as old-crop supplies dwindle and weather issues threaten prospects for the 2021 harvests, analysts said.

Ryanair expects a very strong profit recovery next year as it takes advantage of lower costs and a post-COVID retrenchment that may leave 25% less short-haul capacity in Europe, Group Chief Executive Michael O'Leary said on Wednesday.

A Mexican judge has sided with Bayer AG in a legal challenge over a government policy that seeks to ban glyphosate, the company told Reuters on Wednesday, in a temporary reprieve from a looming ban on the widely-used herbicide.

The Federal Aviation Administration (FAA) said that final rules announced in December took effect on Wednesday allowing for small drones to fly over people and at night, a significant step toward their eventual use for widespread commercial deliveries.

Airbus has launched the biggest shake-up of its manufacturing network in more than a decade, with large parts activities reorganized in France and Germany and some small parts activities to be placed under review.

Capes, flags and helmet-like hats dominated the Burberry catwalk on Wednesday in what designer Riccardo Tisci described as a "modern armour" collection for women this winter.

Ryanair expects a very strong profit recovery in the year to March 31, 2023, and at best a breakeven performance over the next 12 months with traffic already starting to recover, Group Chief Executive Michael O'Leary said on Wednesday.

The U.S. State Department has added at least 116 countries this week to its "Level Four: Do Not Travel" advisory list, putting the UK, Canada, France, Israel, Mexico, Germany and others on the list, citing a "very high level of COVID-19."

Airbus has launched the biggest shake-up of its manufacturing network in more than a decade, with large parts activities reorganized in France and Germany and some small parts combined under a new company to be placed under review.

A Mexican judge has sided with Bayer AG in a provisional legal challenge from a government policy that seeks to ban the herbicide glyphosate, the company told Reuters on Wednesday, which gives the firm a temporary reprieve from the prohibition.

A report issued by the U.S. Department of Agriculture's Foreign Agricultural Service post in Beijing estimated China's corn imports for the 2020/21 marketing year at 28 million tonnes, above the USDA's official estimate of 24 million.

Argentine farmers are expected to plant 6.5 million hectares with 2021/22 wheat, unchanged from the previous season, the Buenos Aires Grains Exchange said in a report on Wednesday.

Russian wheat exporters are bidding aggressively for new business, even though they don't know how much tax they will need to pay to ship the grain as Moscow steps up its fight to curb domestic food inflation.

A surge in South African tomato prices, after output was hit by wet weather in the main growing areas, is expected to be short-lived, bringing comfort to cash-strapped consumers.

Raw sugar futures rose to a seven-week high on Wednesday, boosted by the prospect of tightening supplies as crop outlooks in Brazil and Europe were downgraded.

Air traffic will recover more slowly than previously expected from the COVID-19 pandemic, as vaccination delays and government "risk aversion" slows the reopening of routes, global airlines body IATA said on Wednesday.

Maersk Oil Trading (MOT), part of Denmark shipping group Maersk, has appointed Urszula Uszko as global head of renewable fuels in Copenhagen, the company said on Wednesday.

China's refined copper output rose 18.2% year-on-year in March but the monthly total of 870,000 tonnes was the lowest since July, data from the National Bureau of Statistics showed on Wednesday.

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

Chicago corn extended a rally on Wednesday to set another near eight-year high as unfavourably cold weather for U.S. planting and drought in part of Brazil raised doubts about harvest prospects at a time of declining global availability.