Nasdaq Commodities

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

Chicago wheat futures were trading sideways on Friday after Canada's production forecast was upgraded by a smaller margin than expected, although prices hovered near 33-month lows due to ample supply from Russia.

Copper prices rose on Friday and were on track for their biggest weekly growth since late July after data from top metals consumer China showed signs of a stabilising economy.

Malaysian palm oil futures posted a second straight weekly drop, despite rising on Friday in a session underpinned by recovery in rival vegetable oils, as rising inventory in August limited gains.

London cocoa futures on ICE rose to a contract high on Friday, buoyed by tightening supplies, while sugar and coffee also firmed.

Rhiannon Hampson drives hundreds of miles across Maine's countryside each week as the U.S. Department of Agriculture's top rural development official in the state, and says she's never seen so many newly paved roads and rebuilt bridges as in the past year.

As Italy's autumn grape harvest begins, winemakers are braced for a sharp drop in output after a rampant fungus ruined vines, thriving on drought followed by torrential spring rain.

European Union quotas for sustainable aviation fuels (SAF), seen as an expensive but essential key to greener air travel, are not achievable by today's standards, according to the chief executive of Germany's Lufthansa.

Ukraine, a global leading grain grower, has harvested 35.2 million metric tons of grain and oilseeds of the new 2023 harvest so far, agriculture ministry said on Friday.

The European Union's blending quotas for sustainable aviation fuels (SAF) will not be achievable from today's perspective due to a lack of availability, Lufthansa Chief Executive Carsten Spohr said in comments for publication on Friday.

Norway's competition watchdog has extended its review of Norwegian Air's bid for domestic rival Wideroe by two months, it said on Friday.

Dr Martens plans to launch a shoe repair service in Britain next month as it seeks to polish its sustainability credentials, encourage customers to extend the life of their boots, and create a new revenue stream.

Industrial customers for aluminium in Europe are delaying providing smelters with volumes for new contracts in 2024 on concerns they may overbuy as demand for finished metal products in the region has slumped in recent months.

Sweden's H&M reported on Friday flat sales in its most recent quarter, lagging expectations as the fashion group struggles to attract customers while the cost of living crisis drags on.

Malaysian palm oil futures rose for a third straight session on Friday, recouping some of the losses suffered earlier this week, as rival vegetable oils firmed and traders awaited export data for further direction.

Chicago wheat futures climbed higher on Friday after Canada's production forecast was upgraded by a smaller margin than expected, although prices hovered near 33-month lows due to ample supply from Russia.

Copper prices were firmer in Asian trade on Friday, on track for weekly gains, as top metals consumer China boosted policy support for a sputtering economic recovery, with the metal holding on to the gains following a slew of encouraging Chinese indicators.

India will reduce the limit on the amount of wheat stocks that traders and millers can hold but it has no immediate plans to abolish the import duty on the grain, a top government official said, indicating sufficient local supplies.

Malaysian palm oil futures rose for a third straight session on Friday, underpinned by strength in rival vegetable oils, but the market was set to post a second weekly drop.

Copper prices were firmer in Asian trade on Friday, on track for weekly gains, as top metals consumer China boosted its policy support for its sputtering economic recovery, with the metal holding on to gains following a slew of Chinese indicators.