Nasdaq Commodities

Thailand's cabinet has approved a 10% or 2 baht ($0.05) increase in domestic sugar prices, Commerce Minister Phumtham Wechayachai told reporters on Tuesday.

Copper prices fell slightly on Tuesday on a firmer U.S. dollar, with the market focussed on key inflation data out of the United States that could offer clarity on whether the Federal Reserve is likely to raise interest rates further to tame inflation.

Indonesia's trade surplus is seen to narrow slightly in October to $3 billion from the previous month, as exports are still expected to weaken, a Reuters poll showed on Tuesday.

Malaysian palm oil futures rose on Tuesday, supported by gains in rival Dalian and Chicago soyoil prices, and a weaker ringgit.

Copper prices fell slightly on Tuesday on a firmer U.S. dollar, with the market focussed on key inflation data out of the United States that could offer clarity on whether the Federal Reserve is likely to raise interest rates further to tame inflation.

Chicago soybean futures dipped on Tuesday after large U.S. bean sales to China and fears that a heat wave in top producer Brazil may be damaging crops pushed prices to their highest since August in the previous session.

Unusually hot and dry weather has gripped top soybean exporter Brazil as it plants what is supposed to be a record crop, causing concern for both soybean and corn supplies as soybean problems could bleed onto Brazil’s heavily exported second corn crop next year.

The U.S. Department of Agriculture (USDA) on Monday rated 47% of the U.S. winter wheat crop in good-to-excellent condition, down three percentage points from the previous week but still the highest for this time of year since 2019.

BRF SA, the Brazilian pork and poultry processor, widened its third-quarter loss from the year-ago period as it continued to deal with a chicken oversupply while also trying to rein in grain prices, it said on Monday.

U.S. cities, towns and water districts have challenged proposed class action settlements worth more than $11 billion with 3M, DuPont de Nemours and others, arguing the deals are too generous to the chemical companies accused of contaminating U.S. water with toxic "forever chemicals."

JBS SA, the world's biggest meatpacker, reported an 86% drop in third-quarter net income compared to a year ago on Monday, sliding to around 573 million reais ($116.63 million).

Chicago soybean futures sharply rallied on Monday on Chinese demand and scorching heat in Brazil, where farmers are expected to face crop-stressing temperatures over the next several days.

Large speculators increased their net short position in Chicago Board of Trade corn futures in the week to Nov. 7, regulatory data released on Monday showed.

London cocoa futures on the ICE exchange set a record high on Monday buoyed by further signs of shrinking supplies, while coffee and sugar prices also rose.

Brazil's center-south region should produce 40.5 million metric tons of sugar in the 2023/24 season (April-March), a record and 500,000 tons more than previously expected, Green Pool Commodity Specialists projected on Monday.

Brazilian coffee exports grew 24.5% in October compared to a year earlier, as both the arabica and robusta varieties recorded strong performances, exporters association Cecafe said on Monday.

The U.S. Department of Agriculture's (USDA) weekly crop progress report should show steady U.S. winter wheat condition ratings with the crop off to its best start in four years, according to the average of estimates from 10 analysts surveyed by Reuters on Monday.

EU countries and lawmakers at the European Parliament on Monday clinched a deal on rules to secure the bloc's supply of critical raw materials ranging from aluminium to lithium, amid a race with the U.S. and China.

FXEmpire.com -

Chicago soybean futures rallied more than 2% higher on Monday by Chinese demand and weather woes in Brazil, where farmers are expected to get scorching, crop-stressing conditions over the next several days.