Nasdaq Commodities

Online luxury retailer Farfetch's founder José Neves is looking to take the company private after a troubled New York Stock Exchange listing, the Telegraph reported on Tuesday.

The head of one of Chile's top mining associations on Tuesday urged the government to speed up efforts to expand the lithium industry without waiting to hammer out deals with miners SQM and Albemarle as it seeks to boost state control.

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Breeze Airways is taking early steps to fly to international sun destinations and parts of Europe, the founder of the U.S. low-cost domestic carrier said on Tuesday, as more airlines seek higher-yield routes outside of the United States.

Chicago soybean futures climbed more than 1% on Tuesday on concerns that scorching weather conditions in South America were taking a toll on crops, while the market also drew support from a fresh round of private sales by U.S. exporters.

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Deforestation in Brazil's Cerrado, the world's most species-rich savanna, rose 3% from August 2022 to July 2023 to 11,022 square kilometers (4,255.6 square miles), data from the country's space research agency INPE showed on Tuesday.

Coffee production in Brazil, the world's largest exporter, was projected on Tuesday to reach an all-time high of 74.24 million 60-kg bags in the 2024/25 crop, surpassing the previous record posted in 2020/21, broker and analyst hEDGEpoint Global Markets said in a report.

New season basmati rice prices in India have surged this year due to robust demand from the world's top buyers in the Middle East and Europe, forcing bulk buyers in wholesale grain markets to pay 10% to 15% more than last year.

Brazilian farmers are expected to reap 10 million tons less soybeans than initially forecast, after a drought slammed Mato Grosso state farmers who planted their crop early, Alexandre Mendonça de Barros, partner at MB Agro consultancy, said on Tuesday.

Euronext wheat futures steadied on Tuesday, with support from Chicago after hitting their lowest in about two years, though strength in the euro tempered hopes of renewed export demand.

Farmers in Gaza were taking advantage of the truce between Israel and Hamas to harvest what was left of their olives after weeks of fighting during which they dared not go to their lands for fear of getting killed.

In trading on Tuesday, shares of Ternium S A (Symbol: TX) crossed above their 200 day moving average of $40.17, changing hands as high as $40.46 per share. Ternium S A shares are currently trading up about 0.8% on the day. The chart below shows the one year performance of TX

Soft wheat exports from the European Union since the start of the 2023/24 season in July had reached 11.99 million metric tons by Nov. 26, down 18% from 14.68 million a year earlier, data published by the European Commission showed on Tuesday.

New York cocoa futures rose to a 46-year high on Tuesday, supported by tightening supplies, while raw sugar prices fell under pressure from Brazilian output.

Brazilian beefpacker Minerva will account for 50% of South American beef exports in five years, up from 40% presently, Chief Executive Fernando Queiroz said at an event hosted by the company on Tuesday.

Brazil's 2024/25 arabica coffee crop is expected to reach 48.31 million 60-kg bags, broker hEDGEpoint said on Tuesday, increasing its forecast from the 47.63 million bags previously estimated.

Soft wheat exports from the European Union since the start of the 2023/24 season in July had reached 11.99 million metric tons by Nov. 26, compared with 14.68 million a year earlier, data published by the European Commission showed on Tuesday.

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

Sugar beet production in France is expected to rise slightly this year as a rebound in yields compensated for a lower area, but the forecast could be cut after heavy rainfall flooded fields in northern France, growers group CGB said on Tuesday.