Nasdaq Commodities

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

The Group of Seven-led coalition behind a price cap on Russian seaborne oil is renewing efforts to ensure its effective enforcement, it said on Thursday in a statement published by the British government.

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

Wall Street's main indexes were set for a muted open on Thursday after data showed consumer prices rose more than expected in September, although underlying price pressures eased, cementing bets the Federal Reserve will keep rates steady next month.

Algerian state agency ONAB is believed to have made no purchase in a tender on Wednesday for up to 120,000 metric tons of corn to be sourced only from Argentina or Brazil, European traders said on Thursday.

Chicago soybean futures edged up on Thursday, steadying after a 22-month low as the oilseed markets saw a broad recovery while traders awaited a U.S. government report for a supply update.

British billionaire Richard Branson's Virgin Group on Thursday won a $250 million London lawsuit against U.S. train operator Brightline over a cancelled branding deal.

The lowest free-on-board offer presented at an Egyptian state purchasing tender for wheat on Thursday was $259 per metric ton for 50,000 tons of Bulgarian wheat, traders said.

Futures tracking Wall Street's main indexes rose on Thursday as Treasury yields continued to ease, while investors looked forward to crucial inflation data to gauge the Federal Reserve's interest-rate outlook.

European airline chiefs said on Thursday the industry needs to make more money and may consolidate further to pay for sustainability targets, a trend likely to lead to higher fares for passengers on top of rising demand for air travel.

Delta Air Lines on Thursday reported stronger-than-expected quarterly profit on strong international travel, but trimmed its full-year outlook due to higher fuel costs.

Delta Air Lines on Thursday reported stronger-than-expected quarterly earnings, but trimmed its full-year profit outlook due to higher fuel costs.

Midway through the aluminium market's so-called mating season of end-users and sellers locking in supply deals, Russian metal is experiencing mixed fortunes, with some European industrial companies avoiding it for 2024.

U.S. farmers are about halfway done planting winter wheat for harvest in 2024, but acreage is expected to remain stable or decrease from last year because of lower prices and farmers' disenchantment with the crop after three years of drought.

A few tortillas and a half bowl of reheated beans were all Maria Concepcion Rodriguez had to feed her six children in the isolated village of El Aguacate, one day in August.

Consultancy Strategie Grains has increased its estimates for this year's European Union soft wheat and maize harvests for a second month in a row but trimmed its EU barley crop estimate to keep it well below last year's level.

Tunisia's state grains agency has issued an international tender to purchase about 75,000 metric tons of durum wheat, European traders said on Thursday.

European airline chiefs said on Thursday the industry needs to make more money and may consolidate further to pay for sustainability targets, a trend likely to lead to higher fares for passengers on top of rising demand for air travel.

A Russian drone strike hit a grain storage facility in the southern Ukrainian region of Odesa overnight, and some grain was damaged, a military spokesperson said on Thursday.

England's wheat harvest this year is provisionally estimated at 12.81 million metric tons, down 10% from the previous season, Britain's farming and environment ministry said on Thursday.