Nasdaq Commodities

Export prices for Russian wheat rose further last week as the situation with shipments from ports remained difficult due to difficult weather conditions, analysts say.

Speculators axed a chunk of their plentiful short positions in Chicago-traded wheat last week with China on a U.S. buying spree, but their net short remains historically heavy.

Kenya Airways has told its customers to be prepared for potential disruptions to its flights schedule during the busy Christmas holiday season due to shortages of spare parts.

Cocoa arrivals at ports in top grower Ivory Coast had reached 612,000 tonnes by Dec. 10 since the start of the season on Oct. 1, exporters estimated on Monday, down 35.8% from the same period last season.

Prices of copper and most other base metals dropped on Monday, as a firmer dollar made the greenback-priced commodities more expensive to holders of other currencies, while traders and investors also eyed key U.S. inflation data.

Chicago wheat futures on Monday slipped further from last week's four-month high as speculators held onto bearish positions despite the strongest run of U.S. wheat sales to China in years.

China's Guangzhou Futures Exchange (GFEX) has added more warehouses for lithium carbonate, it said on Monday, a move analysts saw as an effort to alleviate fears of a shortage of cargoes available for January delivery.

Malaysian palm oil futures fell on Monday due to a drop in exports, reflecting weaker demand at the start of cold weather.

Prices of copper and most base metals dropped on Monday as a firmer dollar made the greenback-priced commodities more expensive to holders of other currencies, while traders and investors also eyed key U.S. inflation data.

China's Guangzhou Futures Exchange had added three new warehouses for lithium carbonate delivery, it said on Monday, but gave no reason for the move.

Malaysia's industrial production in October rose 2.7% from a year earlier, faster than expected, government data showed on Monday.

Malaysian palm oil futures opened marginally higher on Monday, extending gains from the previous session, as the market tracked strength in Chicago soyoil oil.

Chicago wheat futures on Monday slipped further from last week's four-month high as speculators held onto bearish positions despite the strongest run of U.S. wheat sales to China in years.

China produced a record corn crop of 288.84 million metric tons in 2023, up 4% from a year ago even after summer typhoons damaged crops in some northern provinces, according to the statistics department on Monday.

China and Vietnam are set to agree this week on upgraded rail links and other infrastructure, possibly including digital projects, officials said, in moves that would bring Hanoi closer to Beijing as great powers jostle for influence in Vietnam.

China produced 288.84 million metric tons of corn in 2023, the National Bureau of Statistics said on Monday.

Canada on Sunday introduced new economic incentives for beef cattle farms in order to reduce methane emissions from cows, according to a statement from the Canadian government.

Speculators axed a chunk of their plentiful short positions in Chicago-traded wheat last week with China on a U.S. buying spree, but their net short remains historically heavy.

FXEmpire.com -

Eight of the world's top commodities traders have pledged to stop buying soy from farms that ruin South American grasslands, adding to previous commitments to shun growers that clear forests, a sector group said on Saturday on the sidelines of the COP28 climate summit.