Nasdaq Commodities

Chinese shares ended higher on Tuesday, as investors were reassured by U.S. President Donald Trump's assertion that the trade deal between China and the United States remains in place.

China has approved the import of two new genetically modified (GM) soybean varieties, including one developed by local firm Beijing Dabeinong Technology Group Co Ltd, its agriculture ministry said on Tuesday, making it the first Chinese engineered soybean allowed for import.

The United States is planning to re-impose tariffs on aluminum imports from Canada, Bloomberg reported https://www.bloomberg.com/news/articles/2020-06-23/u-s-set-to-announce-aluminum-tariffs-on-canada-by-end-of-week?sref=C6LRZopg late on Monday, citing people familiar with the matter.

China, the world's top meat importer, said on Tuesday a Brazilian beef exporter and a pork plant in Britain had voluntarily suspended exports because of coronavirus infections.

The United States is planning to re-impose tariffs on aluminum imports from Canada, Bloomberg reported https://www.bloomberg.com/news/articles/2020-06-23/u-s-set-to-announce-aluminum-tariffs-on-canada-by-end-of-week?sref=C6LRZopg late on Monday, citing people familiar with the matter.

Australia's mining lobby group, the Minerals Council of Australia, long derided by environmentalists as coal-loving dinosaurs, has launched a climate action plan that is probably significant for what it doesn't say than what it does.

U.S. soybean sales to China have finally started to resemble the pre-trade war era, but amid massive Brazilian shipments and the record build in Chinese soybean stocks, one cannot help wondering whether China will end up needing as many soybeans as the United States hopes to export later in the year.

Fonterra Co-Operative Group Ltd will incentivise sustainably produced dairy by paying farmers more for such products, the world's largest dairy exporter said on Tuesday.

CME Group Inc and Brazil's stock exchange, B3 SA, on Monday announced plans for a Brazilian soybean futures contract aimed at local and global investors who want an alternative platform to manage risk.

Fonterra Co-Operative Group Ltd will pay farmers more for sustainably produced dairy products, the world's largest dairy exporter said on Tuesday.

A U.S. federal appeals court on Monday blocked California from requiring that Bayer AG label its glyphosate-based weed killer Roundup with a cancer warning, handing the company a victory in its ongoing litigation over the product.

U.S. inventories of frozen pork dropped by more than ever last month as outbreaks of the new coronavirus among meatpacking workers slowed production and pushed up prices, the federal government and analysts said on Monday.

Bayer AG won a court ruling blocking California from requiring the German-based company to tell consumers that a chemical in its Roundup herbicide is known to cause cancer, Bloomberg News reported on Monday.

Air Canada said on Monday it had closed two additional financing deals for net proceeds of C$1.23 billion ($909 million), as it shores up funds to meet expenses amid the coronavirus crisis.

Toronto, Canada's most-populous city and financial capital, will allow businesses to reopen starting on Wednesday, joining other regions in the province of Ontario in ending a three-month pandemic lockdown, Ontario Premier Doug Ford said on Monday.

Canadian Prime Minister Justin Trudeau on Monday pushed back against pressure from airlines to reopen the nation's borders, saying moving too quickly could spark a second wave of the coronavirus.

A court application brought by a group of creditors of South African retailer Edcon to stop the adoption of a proposed restructuring plan for the company has been rejected by the court as non-admissible, the administrators said on Monday.

Outdoor apparel brand Patagonia Inc will pause its ads on Facebook Inc and Facebook's photo-sharing app, Instagram, making it the latest company to join a boycott campaign organized by U.S. civil rights groups.

Ivory Coast's cotton industry will struggle to cover its costs after exporting just 20% of last season's 210,902 tonnes of fibre because of COVID-19 disruptions in top buying destinations in Asia, the cotton ginners' association told Reuters on Monday.

Canadian Prime Minister Justin Trudeau on Monday pushed back against pressure from airlines to quickly reopen the nation's borders, saying moving too quickly could spark a second wave of the coronavirus.