Nasdaq Commodities

FXEmpire.com -

Seven of the 11 U.S. Crop Watch producers have reduced condition scores on their corn and soybean fields due to ongoing dryness, particularly in the eastern Corn Belt, where no rain was observed last week.

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

The lowest offer presented at an Egyptian state purchasing tender for wheat on Tuesday was $229 per tonne for 55,000 tonnes of Russian wheat on a free-on-board basis, traders said.

In Cape Cod Bay, 10-year-old Pilgrim and her calf skim the water's glassy surface alongside the Shearwater research vessel to feed on tiny crustaceans.

Malaysian palm oil futures closed lower on Tuesday after a survey forecast higher stockpiles as production swelled to a five-month high, while a softer ringgit lent some support to the market.

Iranian state-owned animal feed importer SLAL has issued an international tender to purchase about 120,000 tonnes of soymeal to be sourced from Brazil, European traders said on Tuesday.

Copper prices stumbled on Tuesday on persistent worries about economic growth after weak U.S. data and on bearish technical signals that encouraged speculators to sell.

Days before Indonesia is set to implement a ban on exports of unprocessed bauxite, miners have again implored the government to reconsider the policy because domestic facilities are inadequate for processing all of their output.

Chicago wheat climbed over 2% on Tuesday to a near three-week high as a breach in a dam in southern Ukraine heightened worries about an escalation in the war between major grain exporters Ukraine and Russia.

Despite progress in improving gender diversity in the aviation sector, equality is still a distant goal, figures presented on Tuesday at the International Air Transport Association's (IATA) annual meeting in Istanbul showed.

Australia's Qantas Airways Ltd's outgoing chief executive, Alan Joyce, on Tuesday sold A$16.9 million ($11.3 million) of shares in the airline, ahead of his retirement in November.

India's Aditya Birla Group said on Tuesday it was foraying into the branded jewellery retail business with an investment of 50 billion rupees ($605.2 million), as it looked to attract affluent customers in a crowded market.

Australia's Qantas Airways Ltd's Chief Executive Alan Joyce on Tuesday sold A$16.9 million ($11.27 million) worth of shares in the airline, giving away a bulk of his holdings ahead of his retirement later this year, according to an exchange filing. ($1 = 1.4995 Australian dollars)

Emirates President Tim Clark said on Tuesday the airline may order more Airbus A350, Boeing 777X or 787 jets as the Dubai-based carrier looks ahead to demand through the 2030s.

Shanghai copper prices hit their highest in nearly four weeks amid a drop in inventory and on hopes that China will announce more economic support measures that will boost metals demand.

Australia's production of winter crops is set to fall from record highs, with wheat output seen declining more than 30%, the country's agricultural department said, as forecasters predict dryness due to the El Nino weather pattern.

Investors will closely watch Zara owner Inditex's profit margins for any signs of weakness after a stellar series of results confirmed its lead over smaller Swedish rival H&M.

Chicago corn rose 1.4% on Tuesday after a weekly government report showed a sharp decline in U.S. crop rating amid hot and dry weather in parts of the Midwest grain belt.

Copper prices in Shanghai climbed to their highest in nearly four weeks on hopes of stimulus measures from top metals consumer China and amid a drop in inventory.