Nasdaq Commodities

The London Metal Exchange (LME) is once again looking to shine more light on what lies in the shadows of its warehousing system.

The International Cocoa Organization (ICCO) on Thursday widened its deficit forecast for the current 2022/23 (October-September) season to 142,000 tonnes, up from 60,000 tonnes previously.

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

Tereos posted record annual sales and earnings on Thursday supported by high prices but the French sugar and ethanol group expressed caution regarding the sugar beet crop and strength of demand in 2023/24.

Ukraine's ministry of renovation and infrastructure said on Thursday the U.N.-brokered Black Sea grain export deal had been halted again because Russia had blocked registration of ships to all Ukrainian ports.

A flood of potentially "dubious" biodiesel imports into Europe from China needs to be subject to closer EU vetting or it could trigger the collapse of the European Union's biofuels industry, top producer body EWABA said on Wednesday.

A dispute between the European Union and major palm oil producers Indonesia and Malaysia over a new deforestation law will have no bearing on the two countries' stalled negotiations with the bloc on free trade agreements, a Malaysian minister said on Thursday.

Robusta coffee futures on the ICE exchange rallied on Thursday with further reports of supply tightness in top producing and exporting region Asia.

Ukraine's ministry of renovation and infrastructure said on Thursday the U.N.-brokered Black Sea grain export deal had been halted again because Russia had blocked registration of ships to all Ukrainian ports.

Southwest Airlines Co said on Thursday it continues to expect a strong adjusted profit for the full year as travelers fly more for leisure, leading to more ticket sales.

Malaysian palm oil futures rose on Thursday after logging a third consecutive monthly decline in the previous session, but weak exports and production growth weighed on sentiment.

Boeing Co CEO Dave Calhoun downplayed speculation that China's maiden commercial flight of its domestically produced C919 narrowbody jet could foreshadow the end of the duopoly currently held by the U.S. planemaker and its European rival Airbus SE.

Ukraine's combined grain and oilseed crop harvest is set to fall to 68 million tonnes in 2023, from 73.8 million tonnes in 2022, Ukrainian grain traders union UGA said on Thursday.

Base metals prices rose in London on Thursday, supported by unexpected growth in factory activity in top metals consumer China and a vote of approval from the U.S. House of Representatives to suspend the debt ceiling.

Chicago wheat futures rose on Thursday as weather risks, renewed import demand and improved sentiment on financial markets supported a bounce from a two-and-a-half year low in the previous session.

Leading South Korean animal feed maker Nonghyup Feed Inc (NOFI) bought about 64,000 tonnes of animal feed wheat to be sourced from optional worldwide origins in an international tender on Thursday, European traders said.

Explosives maker Orica plans to expand into supplying chemicals to help purify metals for use in the rapidly growing battery sector, looking at acquisitions and developing its own business, its CEO said on Thursday.

Italy's Eni is investing in farming in several African and Asian countries as it aims to produce by itself around one fifth of the agricultural feedstock it will need for its biofuel business by 2025, two top executives at the energy group said.

Copper prices advanced on Thursday, as a private sector survey showing unexpected factory activity growth in top metals consumer China boosted sentiment and eased worries about weak demand.

Dr Martens flagged lower profit margins for 2024 fiscal year after the British bootmaker posted a slump in its annual profit on Thursday, citing higher investments to tackle supply chain and operational snags.