Nasdaq Commodities

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

Brazil's Cooxupe, the world's largest coffee co-operative and the country's biggest coffee exporter, said on Wednesday the 2023 harvest in the areas where it operates has reached 50.5% of the fields by July 14.

State-owned Aluminum Corporation of China said on Wednesday that Chairman Liu Jianping has resigned.

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A crackdown by Cameroon on the sale of cocoa beans to unlicensed buyers from Nigeria has left farmers in two border regions with tonnes of beans piling up in warehouses ahead of the start of the main harvest in October, a producers' union and farmers told Reuters.

Aluminum Corporation of China said chairman Liu Jianping has resigned due to a change in job role, according to an annoucement published on the Shanghai Stock Exchange's website.

African development bank AFDB has lent Tunisia 87 million euros to finance grain supply and support grain storage infrastructure, the economy ministry said on Wednesday.

Copper prices eased on Wednesday, weighed down by worries about a lack of major stimulus and weak demand in the world's top metals consumer China combined with strong domestic output.

The luxury goods industry has relied heavily on China and North America for growth in recent years, but latest Chinese economic figures and a disappointing sales update from Cartier-owner Richemont suggest both markets may be starting to slow.

The head of the U.S. agency responsible for animal welfare has told lawmakers that it did not find any violations of animal research rules at Elon Musk's Neuralink beyond a 2019 incident the brain implant company had already reported.

Algerian state agency ONAB is believed to have bought an unknown volume of animal feed corn expected to be sourced from Argentina or Brazil in an international tender for up to 240,000 metric tons which closed on Tuesday, European traders said on Wednesday.

Farmers whose work on Ukraine's fertile land has long been vital to its economy fear losing their livelihoods after Russia this week quit a wartime deal allowing the safe Black Sea export of grain.

Five Central European EU members will jointly ask the EU on Wednesday to extend a ban on Ukrainian grain imports beyond a Sept. 15 deadline to avoid major market disruptions, Hungary's farm minister told Reuters.

Algerian state agency ONAB is believed to have bought an unclear volume of animal feed corn expected to be sourced from Argentina or Brazil in an international tender for up to 240,000 metric tons which closed on Tuesday, European traders said on Wednesday.

New draft guidelines released by U.S. antitrust enforcers on Wednesday lay the groundwork for tougher scrutiny of planned mergers by Big Tech companies like Amazon.com and Alphabet's Google.

The U.S. Department of Agriculture is seeking to lower food prices and boost competition by joining with 31 states and Washington, D.C., to target price fixing and other anticompetitive behavior in the food and agriculture sectors.

The White House on Wednesday expanded its war on junk fees to the rental housing market, announced a crackdown on price-fixing in food and agricultural markets, and unveiled draft merger guidelines as part of an ongoing push to aid U.S. consumers.

India's Tata Coffee reported a more-than-5% rise in its first-quarter profit on Wednesday as net sales in its tea plantation and instant coffee businesses improved.

European shares rose on Wednesday on a boost from shares of Kering after top management changes at the luxury group, while London stocks firmed following data which showed a faster-than-expected slowdown in British inflation.

Five Central European EU members will jointly ask the European Union on Wednesday to extend a ban on Ukrainian grain imports beyond a deadline that expires on Sept. 15 to avoid major market disruption, Hungary's farm minister told Reuters.