Nasdaq Commodities

FXEmpire.com -

Brazilian crop agency Conab has cut its forecast for Brazil's 2023/24 soybean production to 160.177 million metric tons from 162.420 million tons in November, citing planting delays related to adverse weather conditions in key planting regions.

Boeing has signaled to suppliers that plans to ramp up production of its bestselling 737 narrowbody jetliner will move about two months more slowly than originally anticipated, according to two people with knowledge of the matter.

The European Union is expected to produce less meat, wine and sugar and grow more protein crops in the decade ahead as health, environment and animal welfare concerns continue to shape consumption, the European Commission said on Thursday.

Mercon Coffee Group, one of the world's largest coffee traders, has filled for bankruptcy protection in the United States due to what it defined as "exceptionally challenging operating environment", according to a document seen by Reuters.

Boeing has signaled to suppliers that plans to ramp up production of its bestselling 737 narrowbody jetliner will move about two months more slowly than originally anticipated, according to two people with knowledge of the matter.

Brazilian state-run oil company Petrobras said on Thursday it will reduce refinery gate diesel prices by an average 6.7% starting Friday, while keeping gasoline prices steady "at the moment."

In trading on Thursday, shares of POSCO Holdings Inc (Symbol: PKX) crossed below their 200 day moving average of $85.26, changing hands as low as $84.80 per share. POSCO Holdings Inc shares are currently trading up about 0.4% on the day. The chart below shows the one year per

Mercon Coffee Group, one of the world's largest coffee traders, has filled for bankruptcy protection in the United States due to what it defined as "exceptionally challenging operating environment", according to a document seen by Reuters.

London cocoa futures on ICE rallied back towards record highs on Thursday as new signs emerged of dwindling supplies, while raw sugar turned higher after setting a four-month low.

Brazilian state-run oil company Petrobras said on Thursday it will reduce refinery gate diesel prices by an average 6.7% starting Friday, while keeping gasoline prices steady "at the moment".

Romania's plan to boost the monthly transit capacity for Ukrainian grain through its Constanta port to four million metric tons is still achievable, Transport Minister Sorin Grindeanu said on Thursday.

JetBlue Airways on Thursday narrowed its annual adjusted loss forecast, riding on strong demand for travel during the holiday period and sending its shares 12% higher in morning trading.

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

Chicago wheat futures held steady on Thursday near a four-month high, underpinned by a flurry of U.S. export sales to China.

Copper prices rose in London on Thursday, halting a three-session run of declines, helped by strong Chinese export data and a weaker dollar, though other factors capped gains.

London Metal Exchange (LME) stocks of aluminium have been draining away steadily since August and headline inventory of 443,000 metric tons is now the lowest since February.

Shares of smaller companies that have lagged for most of 2023 are drawing investors on both sides of the Atlantic, as they weigh the benefits from an expected fall in interest rates next year against worries about a possible economic downturn.

The oil and gas sector and alternative fuel producers need to beef up efforts to produce greener aviation fuel to help airlines to cut carbon emissions, the chief economist of global aviation industry body IATA said on Wednesday.

Indonesian state purchasing agency Bulog has issued an international tender to buy 534,000 metric tons of rice sourced from optional origins, European traders said on Thursday.