Nasdaq Commodities

Above average rain in most of Ivory Coast's main cocoa growing regions last week bodes well for the development and quality of the October-to-March main crop, farmers said on Monday.

Russian wheat export prices were flat last week amid muted demand from importers, yet dwindling supply from farmers, after a prolonged price slump, analysts said.

London cocoa futures on ICE turned lower on Monday after earlier rising to a fresh record high, while sugar and coffee prices also fell.

A fire that broke out on a conveyor belt linked to Berth 201 on the West Corridor of Brazil's southern port of Paranagua, one of country's busiest hubs for soy and sugar exports, has been brought under control, local authorities said on Monday.

Canada's main stock index opened higher on Monday, after an eight-day losing streak, as Air Canada's earnings boosted the industrial index, while investor sentiment was optimistic ahead of a slew of economic data through the week.

The World Bank said on Monday it expected global oil prices to average $90 a barrel in the fourth quarter and fall to an average of $81 in 2023 as slowing growth eases demand, but warned that an escalation of the latest Middle East conflict could spike prices significantly higher.

An Asiana Airlines board meeting on whether it should accept a proposal by prospective buyer Korean Air Lines to sell its cargo service in response to EU antitrust concerns has ended without conclusion, a company spokesperson said.

Alo Yoga's parent company is exploring a potential investment that could value the U.S. maker of celebrity-donned workout clothes at about $10 billion, according to people familiar with the matter.

Brazil's 2023/24 soybean planting had reached as of last Thursday 40% of the expected area, agribusiness consultancy AgRural said on Monday, up 10 percentage points from the previous week.

Chicago wheat futures fell more than 1% on Monday as shipments from Ukrainian Black Sea ports resumed while soybean futures hit their highest in six weeks as speculators amid strong demand for U.S. beans and soymeal.

Brazil's 2023/24 soybean planting had reached as of last Thursday 40% of the expected area, agribusiness consultancy AgRural said on Monday, up 10 percentage points from the previous week.

London cocoa futures on ICE rose to a fresh record high on Monday buoyed by tight supplies driven by a drop in production in Ivory Coast and Ghana while sugar and coffee prices fell.

Speculators have held bullish views toward Chicago soybean meal futures for the last two years, but their optimism has intensified over the last couple weeks as U.S. meal exports are set for new highs.

Chinese natural gas distribution company Foran Energy Group Co Ltd on Monday said it plans to sign a 20-year liquefied natural gas (LNG) purchase agreement with U.S. company Cheniere Energy Inc.

The World Bank said on Monday it expected global oil prices to average $90 a barrel in the fourth quarter and fall to an average of $81 in 2023 as slowing growth eases demand, but warned that an escalation of the latest Middle East conflict could spike prices significantly higher.

Copper prices climbed to four-week highs on Monday due to signs of steadying growth in top consumer China, declining inventories and a softer dollar ahead of important data from China's manufacturing sector.

India's top agro-chemical producer UPL Ltd on Monday reported an unexpected loss in the second quarter, hurt by weak demand, channel destocking and competition from China, sending its shares down nearly 5%.

China's live hog price fell almost 7% on Monday from a week ago, the biggest weekly decline this year, as fresh disease outbreaks led farms to send more pigs to slaughter for an already over-supplied market, said analysts.

Malaysian palm oil futures closed down on Monday, snapping two sessions of gains as a stronger ringgit dented appetite, while traders were cautious ahead of supply-demand data due next month.

Air Canada reported a quarterly profit compared with a year-ago loss on Monday, as the carrier benefited from strong demand for international travel.