Nasdaq Commodities

New York cocoa futures on ICE climbed to a 6-1/2 year high on Wednesday, buoyed by tight supplies, while sugar and coffee prices were slightly lower.

Vietnam is willing to supply rice to the Philippines for the long term at reasonable prices, its Prime Minister Pham Minh Chinh told Philippines President Ferdinand Marcos Jr at a regional meeting in Indonesia on Wednesday, according to the Vietnamese government.

Chicago soybean futures dipped on Wednesday as a fast pace of planting across the U.S. Midwest and slowing imports by top buyer China kept a lid on the market.

Export prices for Russian wheat weakened amid continued high export volumes, uncertainty surrounding the Black Sea grain deal and in anticipation of a new crop, analysts said on Wednesday.

Copper and other industrial metals fell on Wednesday alongside global equities as markets waited for U.S. inflation data that could influence the outlook for U.S. interest rates.

Malaysian palm oil futures fell on Wednesday despite a deeper-than-expected cut in April production and stockpiles, as investors shifted focus to rising supply from top producer Indonesia.

Egypt has procured more than 1.6 million tonnes of local wheat so far this season, an agriculture ministry official told Reuters on Wednesday. (Reporting by Momen Saeed Atallah, Writing by Enas Alashray, Editing by Louise Heavens) nC6N2XD00V

Britain's Virgin Atlantic is seeing bumper summer ticket sales, driven by stronger-than-expected premium leisure travel, but rising costs mean it still won't make a profit this year.

The Kremlin said on Wednesday that Russia's stance on the Black Sea grain deal - that its own interests must be taken into account in talks aimed at extending it beyond May 18 - was understood by all relevant parties.

Shifting travel patterns by consumers in a post-pandemic world are forcing airlines to guess at what is the "new normal" as they seek to adjust by cutting flights, revamping networks and packing even more passengers into planes.

Japan's Ministry of Agriculture, Forestry and Fisheries (MAFF) said on Wednesday that it will seek 60,000 tonnes of feed wheat and 20,000 tonnes of feed barley to be loaded by Aug. 31 and arrive in Japan by Oct. 26, via a simultaneous buy and sell (SBS) auction that will be held on May 17.

Irish airline Ryanair on Wednesday won its challenge against Lufthansa's state bailout in 2020 triggered by the coronavirus pandemic as Europe's second-top court cited errors in EU competition regulators' decision to approve the state aid.

Taiwan's MFIG purchasing group bought about 65,000 tonnes of animal feed corn to expected to be sourced from Brazil in an international tender on Wednesday, European traders said.

People in China splashed out on dining, travel and luxury goods after emerging from three years of pandemic restrictions but are still not spending freely on routine consumer items, if first quarter corporate results are an indication.

Travel firm TUI said it expects strong revenue and higher profit for the full year of 2023 on the back of strong booking momentum for the busy summer travel season.

An Indian tribunal on Wednesday granted bankruptcy protection to Go Airlines (India) Ltd, a move that will help the country's fourth-largest carrier attempt to revive itself but complicate foreign lessors' efforts to repossess their planes.

Malaysian palm oil futures eased on Wednesday, but a Malaysian Palm Oil Board report, published during the midday break and showing a deeper-than-expected cut in April production and stockpiles, may fuel prices.

Copper prices were under pressure on Wednesday as expectations of prolonged tepid demand offset support from a weaker dollar, while trading remained cautious ahead of key U.S. inflation data.

Planning for Virgin Australia's upcoming initial public offering (IPO) is "well advanced", Chairman Ryan Cotton said on Wednesday in an internal email that also outlined bonus payments to the airline's shareholders and staff after a return to profit.

Malaysian palm oil futures slipped on Wednesday, after closing at a one-month high in the previous session, as traders awaited key data due later in the day.