Nasdaq Commodities

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

BP on Wednesday launched its first plant processing renewable gas from landfill since its $4 billion acquisition of the largest U.S. biogas producer Archaea Energy last December.

Edison aims to nearly double its core earnings by 2030 with an accelerated roll out of renewables and hopes to restart producing nuclear energy by 2040, the Italian energy group said.

Malaysian palm oil producer Kuala Lumpur Kepong on Wednesday said a 1.15 billion ringgit ($243.18 million) deal for it to acquire a 33% stake in smaller rival Boustead Plantations has been terminated.

Farmers in Kazakhstan have threshed 11.7 million metric tons of grain as of Oct.4, the Central Asian nation's agriculture ministry said on Wednesday.

Italian luxury group Prada and Texas-based startup Axiom Space will collaborate to design NASA's lunar spacesuits for the Artemis III mission planned for 2025, the two companies said on Wednesday.

Signs of life for the sluggish U.S. wheat market arrived on Tuesday with confirmation that China had purchased an unusually large volume of U.S. wheat for the first time in over two years.

Chicago soybean futures edged up on Wednesday as an easing in the dollar from a 11-month peak helped the oilseed market to steady after a slide linked to supply pressure.

London cocoa prices fell on Wednesday, weighed by broad-based weakness in commodity markets linked to concerns about a global economic slowdown, while coffee and sugar futures also dipped.

Malaysian palm oil futures closed higher on Wednesday, extending gains to a second session after two days of losses, supported by stronger rival oils.

Copper prices slumped to their lowest in more than four months on Wednesday on concern about global growth after bond yields surged on views that interest rates will have to stay high to dampen inflation.

Edison aims to nearly double its core earnings by 2030 with an accelerated roll out of renewables and hopes to restart producing nuclear energy by 2040, the Italian energy group said.

Cocoa volumes arriving at Ivory Coast ports are expected to drop 28.5% year-on-year in the first three months of the 2023/2024 season due to erratic weather conditions, according to cocoa farmers, exporters, and pod counters.

Hydro expects demand for its low carbon aluminium to grow at a fast pace over coming years, the CEO of one of the world's largest aluminium producers told Reuters, adding that U.S. customers are starting to ask for recycled material.

Toho Zinc Co Ltd, Japan's third-biggest zinc smelter, plans to produce 40,800 metric tons of refined zinc in the second half of the 2023/24 financial year, up 3.2% from a year earlier, it said on Wednesday.

Ukraine's navy said on Wednesday that 12 more cargo vessels were ready to enter a fledgling Black Sea shipping corridor on their way to Ukrainian ports, as Kyiv steps up a push to defy a de-facto Russian blockade on its vital sea exports.

Malaysia's palm oil stocks at the end of September likely rose to the highest since October 2022, amid higher output despite increased exports, a Reuters survey showed on Wednesday.

Ukraine's navy said on Wednesday that 12 more vessels were ready to enter a Black Sea shipping corridor on their way towards Ukrainian ports, and that 10 other vessels were ready to depart from the country's ports.

A Seattle-based startup backed by some of the investors behind Beyond Meat is launching the world's first beanless coffee this week as it bids to slash the environmental impact of the popular brew.

Shares in SAS tumbled 95% at market open on Wednesday after the Scandinavian airline announced new big shareholders late on Tuesday in a restructuring that will see the group delisted from bourses and existing ownership stakes erased.