Nasdaq Commodities

Malaysian palm oil futures soared more than 6% on Friday as dry weather curbed prospects of palm and U.S soybean production, setting the contract up for a sharp weekly jump.

London copper prices hovered near a five-week high on Friday and were set for a third consecutive weekly gain, underpinned by a weaker dollar and bets of more stimulus in top consumer China.

China's e-commerce platforms are competing fiercely in the country's first major shopping festival after the pandemic, offering steep discounts to entice frugal consumers in more worrying signs for an economy struggling to build momentum.

U.S. corn and soybean futures extended gains in early trade on Friday on yield concerns after forecasts signalled more dry weather in portions of the Midwest crop belt.

Some of Australia's biggest companies, including miners, banks and retailers, are emerging as powerful sources of support for a campaign to recognise the country's Indigenous people in the constitution, a development that could sway the outcome of a referendum later this year.

U.S. corn futures hit their highest levels in nearly two months and soybeans hit a one-month high on Thursday as forecasts for continued dry weather in portions of the Midwest crop belt raised concerns about yield prospects, analysts said.

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Top food producer Brazil will start stocking up on food staples, a government agency said on Thursday, as the leftist administration of President Luiz Inacio Lula da Silva makes good on last year's campaign trail promise to curb food inflation.

Ticketmaster and other companies have agreed to offer consumers upfront, all-in pricing, the White House announced as it convened a meeting on Thursday to highlight efforts to crack down on so-called junk fees.

Key African states stressed the need for grain imports to tackle food insecurity as Russian President Vladimir Putin prepares to discuss with the continent's leaders the fate of a deal allowing the safe Black Sea export of food and fertiliser from Ukraine.

New York cocoa futures on ICE climbed to a 7-year peak on Thursday, boosted partly by heavy rains in West Africa, while robusta coffee prices also rose.

U.S. corn futures hit their highest levels in nearly two months and soybeans hit a one-month high as forecasts for continued dry weather in key portions of the Midwest crop belt raised concerns about yield prospects, analysts said.

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U.N. Secretary-General Antonio Guterres said on Thursday that countries must start phasing out oil, coal and gas - not just emissions - and demanded fossil fuel companies "cease and desist" measures that aim to "knee-cap" climate progress.

There are indications that sugar prices in the United States could start to fall from the elevated levels of the last three years, analysts said, although better weather is needed to avoid any problems with local production.

Bolivia's largest agricultural region, Santa Cruz, is bracing this week against a surprise wave of snow and ice, causing lasting damage to crops and killing cattle in other parts of the country.

Mexican farmers on Thursday ended a protest at an airport in the northern state of Sinaloa and agreed to meet with the local governor after Mexican President Andres Manuel Lopez Obrador said he would not negotiate with the demonstrators.

African leaders could propose a series of "confidence building measures" during their initial efforts to mediate in the conflict between Russia and Ukraine, according to a draft framework document seen by Reuters on Thursday.

A stretch of dry weather following planting season has stressed crops across the U.S. Midwest, raising concerns that the forecasted record corn and soybean harvest will fall below expectations.

Ethiopian Airlines earnings jumped 20% to $6.1 bln in the 2022/2023 fiscal year, despite the impact of Russian-Ukraine war and the increase in fuel prices, the country's state news agency reported on Thursday.