Nasdaq Commodities

The key Brazilian farm town of Canarana has issued a decree aimed at curbing the spread of coronavirus that could disrupt grain export logistics and the operations of global agriculture commodities traders, according to a municipal order.

The United States and China have made progress in implementing the agriculture-related provisions of a Phase 1 trade deal that took effect on Feb. 14, the U.S. Department of Agriculture and U.S. Trade Representative said on Tuesday.

U.S. lawmakers are nearing agreement on a package of grants for passenger and cargo airlines and contractors worth $32 billion as part of a massive U.S. stimulus and rescue package amid the massive travel demand falloff because of the coronavirus outbreak, three people briefed on the matter said.

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Air Canada has reached an agreement that would allow the airline to furlough up to 600 pilots because of plummeting traffic due to coronavirus, according to a letter from the union reviewed by Reuters on Tuesday.

Austria will massively expand coronavirus testing in coming days to locate and isolate infected people and avoid an Italian-like overload of its health system, Chancellor Sebastian Kurz said on Tuesday.

Britain has told airlines it will only consider stepping in to help them survive the coronavirus crisis once they have explored the possibility of raising capital from other sources including existing investors.

Cannabis sales are touching new highs as customers across the United States and Canada stockpile weed to prepare for long spells of isolation because of the coronavirus pandemic.

Energy has, until a few days ago, been one of the hardest hit sectors in this market collapse. The oil and gas stocks were already being hit before this all began on fears about global growth.

Air Canada has reached an agreement with its pilots association that would allow the airline to furlough up to 600 pilots, according to a letter from the union reviewed by Reuters showed on Tuesday.

Chinese aluminium smelters have cut their annual production capacity by up to 340,000 tonnes in response to a coronavirus-driven plunge in prices of the metal, analysts estimate, chiefly by placing ageing pots under maintenance.

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

South African businesses braced for a nationwide lockdown and panic buyers stockpiled food and other essentials on Tuesday as the number of confirmed coronavirus cases jumped to 554 from 402 a day earlier.

Global airlines urged governments on Tuesday to speed up bailouts to rescue the air transport industry as they doubled their estimate of 2020 revenue losses from the coronavirus crisis to more than $250 billion.

The U.S. Senate could pass a $2 trillion coronavirus economic stimulus package as soon as Tuesday, negotiators said, insisting they had made significant progress despite failing so far to reach a bipartisan deal on the sweeping legislation.

The world's biggest pork processor, WH Group Ltd, reported on Tuesday a 32% jump in 2019 profits as record high pork prices in China boosted the value of the company's exports from the United States and lifted margins on its China sales.

Canada's main stock index futures rose on Tuesday as investors were encouraged after the U.S. Federal Reserve took aggressive measures to prop up the economy, a move which also boosted the price of oil.

EU antitrust regulators have set a new deadline of July 24 to decide whether to clear Ray-Ban maker EssilorLuxottica's 7.2-billion-euro ($7.8 billion) bid for Dutch opticians group GrandVision.

Chinese aluminium smelters have cut their annual production capacity by up to 300,000 tonnes in response to a coronavirus-driven plunge in prices for the metal, analysts estimate, chiefly by placing ageing pots under maintenance.

Austria will start using more rapid tests to be able to test hundreds of thousands of people as quickly as possible, Chancellor Sebastian Kurz said on Tuesday.