Nasdaq Commodities

FXEmpire.com - Natural Gas Price Forecast Video for 01.12.23

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

Pharrell Williams took to Hong Kong for his second Louis Vuitton runway outing, showcasing the label’s latest menswear designs on a runway overlooking the city's harbour at night.

Brazil's soybean crop will reach 150.67 million metric tons in the 2023/24 cycle, below last season's 154.10 million tons, consultancy Patria Agronegocios said on Thursday, as it factors in the effects of a severe drought in key producing states.

Russia's IKAR agricultural consultancy said on Thursday that it expects Russia's 2024/25 grain crop to be 145 million metric tons, of which 92 million tons would be wheat, up from 144 million tons in 2023/24, of which 91.6 million tons was wheat.

London cocoa futures touched a record high on Thursday before turning lower in afternoon trade while arabica coffee prices climbed to a five-month peak.

Argentina raised the prices of biodiesel for its mandatory blending with gasoil used in the domestic market on Thursday, according to a resolution published in the Official Gazette.

Weeks of road blockades by Polish truckers protesting at the border will reduce Ukraine's overall imports by about a fifth in November, and could cost Kyiv one percentage point of GDP growth if they drag on, a senior Ukrainian official said.

Copper hovered near 10-week highs on Thursday but weak Chinese manufacturing data and a stronger dollar weighed on prices.

Zimbabwe's economic growth is expected to fall to 3.5% in 2024 from 5.5% this year, mainly due to an anticipated drought caused by El Nino, Finance Minister Mthuli Ncube said on Thursday.

Jordan's state grain buyer has purchased about 60,000 metric tons of animal feed barley to be sourced from optional origins in an international tender that closed on Thursday, European traders said.

J.P. Morgan said on Thursday that steady demand growth will lift the prices of key commodities in 2024 from current levels but advised that investments should be tactically timed.

Brazil's soybean crop will reach 150.67 million metric tons in the 2023/24 cycle, below last year's 154.10 million tons, consultancy Patria Agronegocios said on Thursday, as it factors in the effects of drought in key producing states like Mato Grosso.

The commodities market plays a pivotal role in the agricultural economy, providing a platform for participants to manage risk, discover prices, and facilitate trade.

Struggling British bootmaker Dr Martens is planning to sell pre-owned and refurbished boots in the United States next year to attract shoppers looking to save cash, Chief Executive Kenny Wilson told Reuters.

European defence industry leaders called on Thursday for more firm orders to help them respond to pressure for increases in capacity to meet war demand in Ukraine and other security needs.

Chicago wheat edged down on Thursday after rebounding this week from contract lows, with participants awaiting export data for an indication on demand for U.S. supplies.

Malaysian palm oil futures ticked up on Thursday, underpinned by better-than-expected November export volumes, although a lack of fresh orders from importers kept a lid on prices.

AirAsia parent Capital A said on Thursday it was exploring financing options for its Indonesian and Philippine operations, including a potential initial public offering (IPO) for AirAsia Philippines in the near term.

Lufthansa and the Italian state airline ITA Airways could give up take-off and landing slots at Milan-Linate airport to try and win approval for their merger from the European Union's competition authority, three sources told Reuters.