Nasdaq Commodities

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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Speculators ramped up their enthusiasm for Chicago soybeans and soymeal last week as crop concerns for Brazil and a tight U.S. meal market have been raiding the headlines.

Brazil's 2023/24 soybean planting had reached 68% of the expected area as of Thursday, agribusiness consultancy AgRural said on Monday, up 7 percentage points from the previous week.

Chicago soybeans and corn rose on Monday as dealers assessed forecasts of rain for parched Brazilian crops, while a weaker dollar boosted export prospects by making U.S. supplies cheaper in international markets.

Export prices for Russian wheat remained flat last week amid reduced shipments in the face of difficult weather at ports, analysts 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.

China's sow herd at the end of October was still larger than needed at 42.1 million pigs, state media reported on Monday, raising the supply of live pigs to the market and pressuring prices.

Hundreds of farmers blocked roads throughout Serbia's northern breadbasket region of Vojvodina on Monday, demanding more subsidies and an end to excise duties on fuel.

China's sow herd is still larger than needed at 42.1 million pigs, state media reported on Monday, citing the agriculture ministry.

Copper prices rose to their highest in nearly two months on Monday, buoyed by growing hopes of fresh stimulus and demand in China, a softer dollar and protests at a mine in Panama.

Andrew Watterson knows the cost of flight disruptions. The chief operating officer of Southwest Airlines LUV.N found himself in the eye of a storm after a blizzard last December forced the company to cancel almost 17,000 flights, disrupting travel plans for about 2 million customers.

Lauren Maginness is a fan of Lululemon. But the 31-year-old product marketer in New York City is increasingly supplementing her activewear with less-pricey brand duplicates she picks up through e-commerce site Amazon.com.

HSBC is on track to meet a target of expanding its China wealth business headcount to 3,000 by 2025, despite the country's current economic headwinds, as it bets on a steadily rising number of the extremely affluent, a senior executive said.

Germany's second-largest sugar producer Nordzucker will invest more than 100 million euros ($109.07 million) to expand production of proteins for food and animal feed, it said on Monday.

Malaysian palm oil futures rose on Monday, supported by strength in Chicago soyoil, but gains were limited on strength in the Malaysian ringgit and as exports are seen easing.

India's October gold imports surged 60% from a year earlier to a 31-month high as a drop in prices ahead of a key festival prompted jewellers to ramp up purchases, a government source said on Monday.

Waste from at least 19 international brands including Adidas and Walmart is being used to fuel kilns in brick factories in Cambodia, and some workers were falling ill, according to a report by a local rights group released on Monday.

China's soybean imports from Brazil rose 71% in October from a year ago, data showed on Monday, boosted by cheaper prices following a bumper crop in the South American nation.

South Africa-based crop nutrients manufacturer Omnia Holdings on Monday said lower fertiliser prices contributed to a 4% decline in half-year profit, but reported a surge in volumes as farmers purchased more of the commodity.