Nasdaq Commodities

Egypt's General Authority for Supply Commodities (GASC) is believed to have bought around 55,000 tonnes of Russian wheat in an international tender, traders said.

Robusta coffee futures rose to a 3-week high on Tuesday, supported by rising demand, while London cocoa futures settled lower after hitting a 6-1/2-year high in the session.

Prada and Ermenegildo Zegna on Tuesday said they have acquired a minority stake in Luigi Fedeli e Figlio, highlighting the importance of high-quality knitwear in the luxury segment.

Ghana has sent a debt restructuring proposal to its official creditors, two sources with direct knowledge of the matter said, as the West African country battles escape its worst economic crisis in a generation.

The Arab-Brazilian Chamber of Commerce praised Brazil's response to its first ever reported cases of highly pathogenic avian influenza (HPAI), according to a statement on Tuesday, as outbreaks in wild birds spread to more states.

European wheat futures gave up earlier sharp gains on Tuesday as competitive offers of Russian wheat in an Egyptian tender eased supply concerns caused by a dam breach in Ukraine.

The Biden administration will abandon a proposal to include the electric vehicle industry in the U.S. biofuel blending program and withdraw potentially billions of dollars worth of tradable credits that had been attributed to the scheme, three sources familiar with the matter told Reuters.

U.S. corn futures rose on Tuesday as investors unwound bearish bets ahead of a key government supply and demand report at the end of the week, traders said.

The Biden administration will abandon a scheme to include the electric vehicle industry in the nation's biofuel blending program and will remove nearly 2 billion credits the ambitious expansion was expected to generate in a final rule set to be released later this month, three sources familiar with the matter told Reuters.

London cocoa futures on ICE rose to a 6-1/2 year high on Tuesday, supported by tight supplies, while raw sugar futures turned higher after setting a 6-1/2 week low.

FXEmpire.com - Natural Gas Price Forecast Video for 07.06.23

The global coffee market will record a 7.3 million bag deficit in the 2022/23 (October-September) season as increased global fertiliser costs and adverse weather last year hurt crops, the International Coffee Association (ICO) said on Tuesday.

U.S. natural gas futures fell about 2% on Tuesday on lower gas flows to liquefied natural gas (LNG) plants due to maintenance, forecasts for milder weather and less demand over the next two weeks than previously expected and a drop in global gas prices.

An Air India plane flying from Delhi to San Francisco was forced to divert and land at an airfield in Russia's Far East after it developed a technical issue with one of its engines, the airline said on Tuesday.

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

Brazilian state-run oil company Petrobras said on Tuesday it has begun talks with chemical maker Unigel to explore joint businesses in fertilizers, green hydrogen and low carbon projects.

Airlines on Tuesday called for co-operation on a broad front to reach "very tough" emission targets and pledged at the end of a three-day summit to release interim climate targets next year.

Parts of the U.S. Corn Belt have been historically dry over the last month, pressuring both corn and soybean health and offering an early challenge to the government's record yield forecasts.

Nestle is piloting a scheme to give cash to coffee farmers who grow beans sustainably as part of its plan to halve greenhouse gas emissions in its coffee business by 2030, the food company said on Tuesday.

Chicago wheat climbed over 3% on Tuesday to a near three-week high as the breaching of a dam in southern Ukraine heightened worries about escalation in the war between major grain exporters Ukraine and Russia.