Nasdaq Commodities

Chicago Board of Trade (CBOT) soybean futures turned higher on Friday on signs of bargain buying and short-covering, after hitting three-year lows the previous day, although sluggish exports and hefty global supplies continue to weigh on prices, traders said.

Fire crews in the Texas Panhandle on Friday were battling to get a tighter grip on the state's largest wildfire on record, hoping to capitalize on a lull in incessant wind gusts that have fanned an inferno that has devastated the cattle-ranching region.

Starbucks union representatives want to create a national template for labor contract negotiations with the coffee chain, according to union organizers - an idea a Starbucks spokeswoman said the company believes is "speculative."

Global corn stockpiles are set to reach five-year highs later in 2024, undergoing their largest annual expansion in seven years. But the United States’ contribution to that growth is much larger than normal after a record harvest last summer.

FXEmpire.com - Troubled banks are reappearing as we near the anniversary of the Silicon Valley Bank failure (March 11, 2023).

Members of the World Trade Organisation have not managed to secure consensus on an agriculture deal at a high level meeting in Abu Dhabi, which ran into a fifth day on Friday, trade delegates said.

FXEmpire.com - Natural Gas Natural Gas 010324 Daily Chart Natural gas pulled back as traders continued to take profits after the recent rebound. At this point, natural gas needs additional catalysts to move higher.

Chicago Board of Trade (CBOT) soybean futures turned higher on Friday, after hitting three-year lows the previous day, although sluggish exports and hefty global supplies continue to weigh on prices, traders said.

Boeing has delayed plans for its supply chain to ramp up production of its bestselling 737 jetliner, according to a presentation seen by Reuters, as the company deals with regulatory curbs on its output and increased scrutiny following a mid-air blowout on a MAX 9 in January.

Crop insurance policies that guarantee prices for the 2024 growing season are the lowest since 2021 for corn and the lowest since 2020 for soybeans, reflecting ample supplies of those crops left from last year's harvest and soft demand, analysts said.

FXEmpire.com - Gold Gold 010324 Daily Chart Gold rallied above the $2070 level as traders bet on a less hawkish Fed after the release of the disappointing ISM Manufacturing PMI report.

U.S. Agriculture Secretary Tom Vilsack said on Friday that he will meet later this month with the agriculture ministers of Canada and Mexico.

Sugar crops in India and Thailand, two main Asian producers, are looking better in the final stages of the sugarcane harvesting, indicating higher sugar supplies in the region, said Singapore-based commodities trader Wilmar on Friday.

The Biden administration on Friday said its new climate modeling for sustainable aviation fuel feedstocks will be released in a matter of weeks, marking a delay that sources said was due to disagreements over the details.

FXEmpire.com - Natural Gas Weekly Technical Analysis Natural gas has a positive week for the second week in a row, as it looks as if natural gas is starting to respect this area around the $1.50 level as we have risen 30 cents since then. That being said, this is a market that ha

The Biden administration will delay the planned Friday announcement of its revised climate emissions model for ethanol due to disagreements, two sources familiar with the matter said, extending uncertainty on whether the corn-based fuel will qualify for new sustainable aviation fuel (SAF) tax credits.

An agribusiness consultancy on Friday raised the forecast for Brazil's 2023/2024 soybean crop to 151.5 million metric tons, citing improved climate conditions in a season marked by excessive heat and dryness in key production regions like center-west Brazil.

An agribusiness consultancy on Friday raised the forecast for Brazil's 2023/2024 soybean crop while another cut its projection, indicating how different methodologies and unpredictable weather events have made it difficult to estimate the country's output this season.

Indonesian state purchasing agency Bulog is believed to have purchased about 300,000 metric tons of rice an international tender which closed on Wednesday, European traders said on Friday.

Grain ships originating from the Black Sea or bound for Iran are about the only ones still sailing through the Red Sea as Houthi militants continue to attack vessels in the area, analysts said on Friday.