Nasdaq Commodities

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.

Brazilian farmers are expected to reap 155 million metric tons of soybeans in the 2023/24 cycle, 10 million tons below initial expectations, after a drought affected Mato Grosso state farmers who planted their crop early, a consultant at MB Agro said on Tuesday.

In Texas, oil and gas producer Occidental Petroleum is constructing a giant facility to suck 500,000 metric tons of carbon dioxide out of the atmosphere annually to keep it from warming the climate, a project backed by hundreds of millions of dollars from investment firm BlackRock.

New York cocoa futures eased slightly on Tuesday after earlier climbing to a 45-year high as the market remained underpinned by tight supplies, while raw sugar prices fell.

Russian wheat production could reach 90 million tons in 2024 in a third straight bumper harvest following a favourable autumn sowing campaign, Agritel said on Tuesday.

Speculators are building up big short positions in U.S. grain futures on plentiful global supplies, though a tighter oilseed market and weather concerns in South America have kept funds long the Chicago soy complex.

South African farmers are expected to harvest 6% more maize in the 2022/2023 season compared with the previous season, the government's Crop Estimates Committee (CEC) said on Tuesday.

Copper prices edged higher on Tuesday on hopes that top metals consumer China will extend support measures for its economy while nickel rebounded from three-year lows.

A Virgin Atlantic passenger jet flying from London to New York powered by 100% sustainable aviation fuel (SAF) took off at 1149 GMT on Tuesday, as the aviation world seeks to showcase the potential of low carbon options to secure its future.

Chicago wheat edged higher on Tuesday in a technical recovery from a day-earlier slide, with traders watching to see if recent price lows will stir export demand.

In Texas, oil and gas producer Occidental Petroleum is constructing a giant facility to suck 500,000 tonnes of carbon dioxide out of the atmosphere annually to keep it from warming the climate, a project backed by hundreds of millions of dollars from investment firm BlackRock.

On a small farm outside Havana, a Cuban family-run business produces gluten-free flour from banana, coconut and yucca, preferring locally-sourced ingredients to pricey imports as Cubans seek innovative solutions to a growing food crisis.

Malaysian palm oil futures ticked up on Tuesday after range-bound trade, supported by strength in rival edible oils, although poor demand and expectations of declining production kept the contract near a two-week low.

Ukrainian farmers have almost completed their winter crop sowing, seeding about 5.96 million hectares as of Nov. 28, the country's agriculture ministry said on Tuesday.

Sugar beet production in France is expected to reach 31.5 million metric tons this year, up from about 31 million in 2022, growers group CGB said on Tuesday.

France has detected an outbreak of highly pathogenic bird flu virus on a turkey farm in the northwest of the country, the agriculture ministry said on Tuesday, as a seasonal wave of infections spreads across Europe.

The Taiwan Flour Millers' Association has issued an international tender to purchase up to 109,325 metric tons of grade 1 milling wheat to be sourced from the United States, European traders said on Tuesday.

France has detected an outbreak of highly pathogenic bird flu virus on a turkey farm in the northwest of the country, the agriculture ministry said on Tuesday, as a seasonal wave of infections spreads across Europe.

Russian Agriculture Minister Dmitry Patrushev on Tuesday forecast grain exports of over 65 million metric tons in the 2023-24 season, the Russian news agency Interfax reported.

EasyJet on Tuesday reported 2023 earnings slightly ahead of analysts' expectations after a year of robust travel demand and forward bookings, but the British carrier said geopolitical instability would weigh on the current quarter.