Nasdaq Commodities

Copper prices rose to two-month highs on Tuesday, buoyed by supply concerns in Peru and Panama amid protests and planned maintenance, while a weaker U.S. dollar also lent support.

Chicago soybean futures gained more ground on Tuesday, with prices underpinned by hot weather conditions in top exporter Brazil that are likely to stress the newly planted crop despite some rains over the weekend.

The U.S. Department of Agriculture (USDA) on Monday rated 48% of the U.S. winter wheat crop in good-to-excellent condition, up one percentage point from last week and the highest for this time of year since 2019.

Chicago soybean futures rose 2% on Monday, supported by brutally hot weather in Brazil that is likely to continue to stress crops despite some rains over the weekend coupled with the results of Sunday's presidential election in Argentina.

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Neste could have excess sustainable aviation fuel (SAF) production capacity by 2028 and requires more certainty about long-term demand to justify investment after that point, a senior executive at the refiner said on Monday.

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Chicago soybean futures rose more than 1% on Monday, supported by the results of Sunday's presidential election in Argentina coupled with brutally hot weather in Brazil that is likely to continue to stress crops despite rains over the weekend.

U.S. President Joe Biden pardoned two enormous white-plumed turkeys from Minnesota on Monday, granting Liberty and Bell freedom from Thanksgiving dinner tables as Americans prepared for their annual feasts.

The U.S. Department of Agriculture's (USDA) weekly crop progress report should show no change in U.S. winter wheat condition ratings, according to the average of estimates from 12 analysts surveyed by Reuters on Monday.

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Following are selected highlights from a report issued by the U.S. Department of Agriculture's Foreign Agricultural Service (FAS) post in Bogota:

Ukraine's sugar industry, one of the country's few profitable farm sectors, may continue to expand the planted area in 2024 and with good weather the 2024/25 exportable surplus could jump by around 50%, the producers' union Ukrsugar said.

Arabica coffee futures on ICE rose on Monday with the market supported by low exchange stocks, while London cocoa extended its pullback from a recent record peak.

Egypt's General Authority for Supply Commodities on Monday announced a tender to import 50,000 tonnes of raw sugar and/or 50,000 tonnes of refined white sugar, all from any origin, on behalf of the Egyptian Sugar & Integrated Industries Company.

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

FXEmpire.com - Natural Gas Price Forecast Video for 21.11.23

For a while, Wall Street analysts have been vocal about their bullish outlook on commodities, citing a potential supercycle fueled by supply shocks and subdued demand.

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