Nasdaq Commodities

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

FXEmpire.com - Natural Gas Price Forecast Video for 25.09.23

FXEmpire.com -

United Airlines said on Friday it had promoted company insider Michael Leskinen to chief financial officer, nearly four months after Gerry Laderman announced plans to retire in 2024.

Moderately strong El Nino conditions have formed in the Pacific Ocean, and forecasters are confident they will last into early 2024, possibly bringing relief to some dry grain production areas of the Americas.

London cocoa futures on ICE were higher on Friday as the market showed signs of resuming its long-term uptrend after a period of consolidation while sugar and coffee prices also rose.

Chicago wheat and soybeans ticked up on Friday while corn inched down as the markets consolidated after losses linked to tepid U.S. exports and a rising dollar.

Researchers at a top Mexican agricultural university this week showed the progress they had made in producing more non-GM yellow corn seeds to help replace imported grain from the United States that is at the center of a major bilateral trade dispute.

Indian Potash does not expect supplies of Canadian potash to be affected by the diplomatic row between the India and Canada, its managing director said on Friday, and hopes to extend a contract with Canadian supplier Canpotex beyond the end of September.

Copper prices were on track for a weekly loss on Friday due to a strong dollar, high inventories and reduced risk appetite after the U.S. Federal Reserve signalled policy would remain restrictive for longer.

Malaysian palm oil futures traded flat at closing on Friday but held near three-month lows after a third straight weekly decline as weakness in rival oils and concerns over rising supply outweighed support from strong export data.

Global sugar prices are likely to remain high due to expectations of lower output in India, French trading group Sucden said on Friday, adding that prices may trade between 22 and 30 cents per lb in next 12 months globally.

A dispute between Poland and Ukraine over grain imports will not significantly affect the countries' good bilateral relations, the Polish president said on Friday, as he moved to ease tensions over the issue.

Argentina's sales of the upcoming wheat crop are the slowest in seven years, delayed by farmers waiting for heavier rainfall and gambling on the result of the country's Oct. 22 presidential election, with some candidates pledging tax cuts on grains exports.

The Taiwan Flour Millers' Association purchased an estimated 93,125 metric tons of milling wheat to be sourced from the United States in a tender on Friday, European traders said.

British designer Peter Hawkings made his Tom Ford debut at Milan Fashion Week late on Thursday, offering an array of sleek suits, slinky dresses and towering stilettos for women next summer.

Global aerospace supply chains will remain under pressure throughout 2024, Safran CEO Olivier Andries said on Friday.

China will auction 126,700 metric tons of sugar from its state reserves on Sept. 27, Huashang Reserve Commodity Management Center said in a notice on Friday.

Mothercare expects to complete a refinancing shortly and will remain in discussions with stakeholders and financing partners to ensure adequate financing, the British baby products retailer said on Friday.

U.S. incentives to boost consumption of more environmentally friendly fuel has created a new market for used Chinese cooking oil, worth almost $390 million in the last 12 months and growing rapidly, China's customs data shows.