Nasdaq Commodities

Zinc prices are on the slide, with London Metal Exchange (LME) three-month metal hitting a two-and-a-half year low of $2,517.50 per tonne on Friday morning.

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

Tunisia raised the purchase price of durum wheat from local farmers, the agriculture minister Abdelmonem Belati said on Friday, amid expectations of a disastrous grain season due to severe drought.

Gilberto Tomazoni, chief executive officer of the world's biggest meat company JBS SA, said on Friday the first quarter of 2023 was the first ever in which the company faced difficulties across all the geographies in which it operates.

Malaysian palm oil futures reversed early losses on Friday to record a second consecutive weekly rise, as traders covered short positions ahead of exports data due on Monday.

Copper prices hit their lowest in more than five months on Friday as fears of slowing demand in top consumer China, rising inventories and a stronger dollar reinforced negative sentiment.

Chicago wheat futures rose on Friday after four consecutive sessions of losses as bargain-buying supported prices amid uncertainty over the renewal of the Black Sea grain export deal, although expectations of ample global supplies capped gains.

Leading South Korean animal feed maker Nonghyup Feed Inc. (NOFI) has bought an estimated 132,000 tonnes of animal feed corn expected to be sourced from South America in an international tender for up to 138,000 tonnes on Friday, European traders said.

China is significantly increasing the rate of inspections on imported soybean cargoes, three soybean traders told Reuters on Friday, lengthening already slow and costly clearing times in the world's top buyer of beans.

Even as they wrestle with industrial problems preventing the delivery of jets sold before the pandemic, Airbus and Boeing are totting up billions of dollars of new orders stretching beyond 2030 amid a rebound in air travel.

Robusta coffee futures on ICE consolidated on Friday, having hit their highest in 12 years in the previous session, while raw sugar and cocoa were also steady near recent multi-year highs.

Air Canada reported a smaller-than-expected quarterly loss on Friday, as Canada's largest airline benefited from resilient travel demand.

European shares rose on Friday after upbeat results from Richemont underscored strength in the luxury sector, while investors assessed inflation data from France and Spain for signals on the European Central Bank's interest rate hike plans.

Some of Malaysia's largest palm oil producers are not hiring workers from Bangladesh because of concerns over exploitative practices during recruitment, companies and labour consultants say.

India's palm oil imports in April slumped 30% from a month earlier to hit a 14-month low, as the premium over rival soft oils prompted buyers to shift to sunflower oil and soyoil, a trade body said on Friday.

Leading South Korean feedmaker Nonghyup Feed Inc. (NOFI) has issued an international tender to purchase up to 138,000 tonnes of animal feed corn to be sourced from optional origins, European traders said on Friday.

Parties to the Black Sea grain pact are nearing a deal to extend it after talks between Ukrainian, Russian, Turkish and United Nations officials, Turkey's Defence Minister Hulusi Akar said.

European shares rose on Friday after upbeat results from Richemont underscored strength in the luxury sector, while investors assessed inflation data from France and Spain for hints on the European Central Bank's interest rate hike plans.

Luxury goods group Richemont beat expectations on Friday after strong demand from Chinese consumers for jewellery and watches boosted net profit and sales in the 12 months through March.

Luxury goods group Richemont beat expectations on Friday after strong demand from Chinese consumers for jewellery and watches boosted net profit and sales in the 12 months to March.