Nasdaq Commodities

Raw sugar futures on ICE were lower on Monday, weighed down by the strong pace of production in the key Centre-South region of Brazil, while cocoa futures were boosted by tight supplies.

Meta Platforms' Twitter rival Threads crossed 100 million sign-ups in five days, CEO Mark Zuckerberg said on Monday, dethroning ChatGPT as the fastest online platform to hit the milestone.

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

Traders and consumers shunning aluminium produced in Russia and scrambling for alternatives sent stocks of Indian origin metal in London Metal Exchange approved warehouses plummeting to 18% or 49,375 metric tons in June from above 50% in January.

Export prices for Russian wheat remained largely flat last week, analysts said, as traders waited for signals about the Black Sea grain export deal ahead of its renewal deadline next Monday.

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Brazilian farmers have harvested through last Thursday 27% of the area planted for their second corn crop, agribusiness consultancy AgRural said on Monday, up 10 percentage points from the previous week but still lagging 2022 levels.

Brazilian farmers have harvested through last Thursday 27% of the area planted for their second corn crop in the center-south region, agribusiness consultancy AgRural said on Monday, up 10 percentage points from the previous week.

Chicago corn rose on Monday to move away from a 2-1/2 year low, with investors awaiting U.S. government data for a further gauge of crop weather, while soybeans climbed nearly 2% as a palm oil rally supported the oilseed complex.

The U.S. government’s June survey delivered shocking corn and soybean acreage figures in the thick of the U.S. summer weather market, though speculators generally reduced risk across Chicago grains and oilseeds last week.

Without a single sales contract in hand, Dutch fertilizer company OCI is building a $1 billion plant in Texas to produce ammonia with low greenhouse gas emissions, a gamble requiring heavy government subsidies, new markets and a contingency plan.

Copper prices fell in London on Monday, under pressure from weak economic data from top consumer China and concerns about the effect of a global economic slowdown on demand for growth-dependent base metals.

Raw sugar futures on ICE were lower on Monday, weighed down partly by the strong pace of production in the key Centre-South region of Brazil, while cocoa futures climbed, buoyed by tight supplies.

Malaysian palm oil futures rose on Monday, lifted by a surge in July exports and a slower increase in June inventories.

Eni-led renewable energy joint venture GreenIT has signed a deal with UK-based Hive Energy and SunLeonard Energy to build up four agri-voltaic solar projects in Italy, the Italian energy group said on Monday.

Turkish President Tayyip Erdogan said on Monday that he will discuss with Russian President Vladimir Putin the extension of a deal that allows the export of Ukrainian grain from its Black Sea ports beyond the current July 17 deadline.

Malaysian palm oil futures ticked up on Monday after trading in a tight range, with data showing a surge in July exports and a slower rise in June inventories likely to further support prices.

London copper prices slid on Monday, weighed down by demand concerns as disappointing China inflation data pointed to slow economic recovery in the world's top metal consumer, despite some supply-side issues.

India's Go Airlines (India) Ltd has invited investor interest in the company through a court-appointed administrator as part of the carrier's ongoing insolvency process, a newspaper advertisement showed on Monday.

Malaysia's palm oil inventories rose at the end of June but at a slower than expected pace, as production declined and exports jumped, data by the nation's palm oil board showed on Monday.