Nasdaq Commodities

Copper is the metal with the most upside price potential next year, according to those attending last week's London Metal Exchange (LME) seminar.

Australia's trade minister will on Wednesday in a speech remind businesses exporting to China of the "significant risks" of over-reliance on one customer, as Canberra seeks to resolve its wine dispute with Beijing through the World Trade Organization (WTO).

United Airlines Holdings on Tuesday reported stronger-than-expected third-quarter earnings, but forecast weaker profit in the current quarter due to higher costs.

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Arkansas ordered Syngenta to sell 160 acres (65 hectares) of farmland in the U.S. state within two years on Tuesday because the company is Chinese-owned, drawing a sharp rebuke from the global seeds producer.

United Airlines Holdings on Tuesday reported stronger-than-expected earnings in the third quarter, but forecast weaker profit in the current quarter due to higher costs.

Tyson Foods workers and activists rallied outside the U.S. meat company's headquarters in Arkansas on Monday to protest child labor and push for improved working conditions in processing plants.

Chicago Board of Trade soybean futures firmed for a second straight session on Tuesday amid thin technical trading, as strong domestic demand eased concerns about supplies growing as the U.S. harvest continued.

Prices for cocoa, the main ingredient used to make chocolate, rose to the highest ever on Tuesday as demand for the beans appears to be holding well despite the constant increase in costs, experts said.

The U.S. Department of Agriculture continues to work on upgrades to its export sales reporting system but will not roll out its new portal before the spring of 2024, an official with the USDA's Foreign Agricultural Service said on Tuesday.

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Sportswear giant Adidas lifted its full-year revenue forecast on Tuesday, citing Yeezy shoe sales and a stronger core business.

Adidas lifted its full-year guidance on Tuesday, partly due to the positive impact of Yeezy drops through the second and third quarter, the sportswear giant said.

Chicago Board of Trade soybean futures firmed for a second straight session on Tuesday amid signs of technical trading, as strong domestic demand eased concerns about supplies growing as the U.S. harvest continued.

London cocoa futures on ICE rose to a record high on Tuesday, boosted by supply woes in West Africa and signs that demand is proving resilient despite a sharp rise in prices.

International milk prices rose while volumes dropped in this month’s second Global Dairy Trade auction held by GDT Events. The GDT Price Index climbed 4.3%, with an average selling price of $3,202 per metric ton, in the auction held on Tuesday.

Soft wheat exports from the European Union since the start of the 2023/24 season in July had reached 8.81 million metric tons by Oct. 15, down 22% compared with 11.34 million a year earlier, data published by the European Commission showed on Tuesday.

A mostly graphical daily curated roundup of the markets and the economy from Nasdaq's IR team.

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