Nasdaq Commodities

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

Chicago corn futures rose on Tuesday to approach a near eight-year high, with chilly U.S. weather raising concern about crop development at a time of tightening supplies.

Raw sugar futures rose sharply on Tuesday, climbing to a seven-week high, as funds added to long positions against the backdrop of declining crop prospects in the European Union and Brazil.

Luxury carmaker Ferrari has appointed BBC's Top Gear Editorial Director Charlie Turner for the newly created position of chief content officer, it said on Tuesday.

Copper prices on Tuesday hovered just below 10-year highs as rising coronavirus infections pulled global stock markets back from record levels, but strong demand and tight supplies are expected to fuel further gains for the metal.

Traders have sold two shipments of Ukrainian rapeseed this month to Canadian buyers, a highly unusual trade that indicates the impact of spiking global oilseed demand, market sources said.

A new rule banning food companies from comparing plant-based products to dairy in their marketing could be agreed by European Union negotiators this week, despite protests from firms including Danone, Nestle and Unilever.

Traders have sold two shipments of Ukrainian rapeseed this month to Canadian buyers, a highly unusual trade that indicates the impact of spiking global oilseed demand, market sources said.

Malaysian palm oil futures jumped more than 2% on Tuesday, boosted by stronger crude and competing soyoil prices amid reports of higher April 1-20 exports.

China's Sinopec has won a deal to develop Iraq's Mansuriya gas field near the Iranian border, the oil ministry said on Tuesday.

Global primary aluminium output rose to 5.725 million tonnes in March from revised 5.187 million tonnes in February, data from the International Aluminium Institute (IAI) showed on Tuesday.

Peru's presidential front-runner has proposed nationalizing mining and redrafting the Andean country's Constitution, raising risks to mining investment in the world's no. 2 copper producer that could put upward pressure on prices of the red metal.

The exotic fruits and fresh citrus notes leapt out of the Pyrenean white wine, but wine-taster Sophie Pallas said the delicate undertones of pineapple were harder to detect than they would have been before she fell ill with COVID-19.

China's Sinopec has won a deal to develop Iraq's Mansuriya gas field near the Iranian border, the oil ministry said on Tuesday.

The Indonesian rupiah held firm on Tuesday after the central bank kept interest rates at a record low, as widely expected, resisting any further easing to foster currency stability.

Dubai Aerospace Enterprise (DAE), one of the world's biggest leasing companies, on Tuesday announced an order for 15 Boeing 737 MAX 8 jets worth $1.8 billion at list prices.

Dubai Aerospace Enterprise (DAE), one of the world's largest aircraft leasing companies, said on Tuesday it had entered into an agreement with Boeing to purchase 15 737 MAX jets, valued at $1.8 billion at list prices. (Writing by Alexander Cornwell, editing by Louise Heavens) ((Alexander.Cornwell@thomsonreuters.com;)) nL8N2MD18A

Malaysian palm oil futures recouped early losses on Tuesday, buoyed by cargo surveyor data showing better exports in April so far, although the market was weighed down by concerns over demand from key buyer India due to surging COVID-19 cases there.

Copper prices rose to near their highest in a decade on Tuesday, as a weaker dollar made greenback-priced metals cheaper and more attractive to holders of other currencies.

China's March soybean imports from Brazil plunged as rain delayed some shipments from the world's top exporter, but U.S. bean imports rocketed more than fourfold as delayed cargoes arrived, hitting the highest monthly total since December 2016.