Nasdaq Commodities

Morocco plans to increase customs duty on soft wheat and durum to help domestic farmers benefit from an expected better yield this year by cutting imports, its agriculture minister said.

In dense tropical forests in Sierra Leone, scientists have rediscovered a coffee species not seen in the wild in decades - a plant they say may help secure the future of this valuable commodity that has been imperiled by climate change.

Raw sugar futures were lower on Monday, suffering a setback after last week's steep climb to a six-week peak, while cocoa and coffee prices rose.

Soft wheat exports from the European Union in the 2020/21 season that started last July had reached 21.34 million tonnes by April 18, data published by the European Commission showed on Monday.

Rainfall was mixed last week across Ivory Coast's cocoa-growing regions, bolstering hopes for a strong April-to-September mid-crop in some areas while others are in need of stronger rains, farmers said on Monday.

United Airlines Holdings Inc said on Monday it was adding three flights to destinations in Europe from July as countries begin reopening to vaccinated travelers.

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

Raw sugar futures were lower on Monday, suffering a setback after last week's steep climb to a six-week peak, while cocoa and coffee prices rose.

Cocoa arrivals at ports in top grower Ivory Coast reached 1.783 million tonnes between Oct. 1 and April 18, exporters estimated on Monday, up 5.2% from 1.695 million tonnes over the same period last season.

Hedge funds resuming buying petroleum last week, with a focus on Brent, as confidence steadied following the wave of selling and sharp drop in prices a month ago.

World shares hit record highs in the European session on Monday, as markets were generally upbeat about the prospects for a global economic recovery from COVID-19, ahead of a busy week for earnings.

Speculators have been buying Chicago-traded corn since August when troubles began for the 2020 U.S. harvest, and that enthusiasm expanded even more last week as weather concerns are on the radar for the 2021 crop.

India's sugar consumption during the peak demand season is set to fall for a second straight year after various states imposed restrictions including restaurant and shop closures to halt rising cases of COVID-19, industry officials told Reuters.

Malaysian palm oil futures eased on Monday on expectations for rising production and as a surge in COVID-19 cases in top importer India and other countries ignited demand concerns.

Chicago corn futures rose more than 1% on Monday, as cold weather in key growing areas in the United States stoked fear plantings could be hindered with land transferred to soybeans.

Copper prices rose on Monday as global stock markets gained and U.S. bond yields and the dollar fell, with many analysts and traders expecting the metal to rally to new 10-year highs.

PT Vale Indonesia's nickel in matte production in the first quarter of this year stood at 15,198 tonnes, the company's CEO said on Monday.

Ukraine's government and sunflower oil producers agreed on Monday to limit 2020/21 sunoil exports to 5.382 million tonnes aiming to avoid jump in domestic sunoil prices due to excessive exports, local producers said on Monday.

Ukraine's government and sunflower oil producers are considering limiting 2020/21 sunoil exports to 5.38 million tonnes aiming to avoid jump in domestic sunoil prices due to excessive exports, the draft document showed on Monday.

World shares traded near record highs on Monday, as markets were generally upbeat about the prospects for a global economic recovery from COVID-19, ahead of a busy week for earnings.