Nasdaq Commodities

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

Raw sugar futures on ICE rose on Tuesday, recovering from last week's losses but remaining some way off late April's 11-year peak because the market has already priced in tight supplies.

Amazon said on Tuesday it had begun selling users of mobile games related physical items such as T-shirts and toys as it teamed up with the makers of Pokemon GO to provide merchandise related to a new game.

European budget giant Ryanair has placed an order for 150 Boeing 737 MAX 10 jetliners, with options for another 150, the companies said on Tuesday.

Mali expects to produce 780,000 tonnes of cotton for the current 2023/24 season, the ministry of agriculture said, recovering from a lower forecast than usual for 2022/23 due to bad weather and pests.

India's Godrej Agrovet Ltd reported a 74.6% fall in quarterly profit on Tuesday, hurt by higher costs and weakness in its vegetable oil and crop protection business.

Chicago soybean and corn futures lost ground on Tuesday, pressured by rapidly progressing U.S. planting, while wheat slipped further as ample global supplies and favourable weather forecasts offset risks to a wartime Black Sea corridor.

Czech billionaire Pavel Tykac said in an interview he is looking for acquisitions in the United States and Australia to continue his string of deals involving power production, coal and mining rights that sought high yield in sectors shunned by others.

India is unlikely to bail out Go Airlines (India) Ltd unless a solution is found to supplying it with engines, a minister said.

Indonesia has reported an outbreak of African swine fever on a farm on the Riau Islands near Singapore, the World Organisation for Animal Health (WOAH) said on Tuesday.

Ireland's Ryanair is set to bury the hatchet with its exclusive supplier and place a multi-billion-dollar order for Boeing jets on Tuesday, ending an 18-month spat over prices.

U.S. Crop Watch farmers last week continued planting their corn and soybeans at a faster-than-normal pace, mirroring national progress, though field work has barely started in North Dakota.

Ukraine has alternative ways of transporting grain if a deal on safe Black Sea exports is not extended on May 18, and would not see that outcome as an "apocalyptic scenario", its agriculture minister said.

Coty Inc raised its annual profit forecast for the second time and beat quarterly revenue and earnings estimates, buoyed by the CoverGirl parent's price hikes and steady demand for its high-end and affordable cosmetics and fragrances.

Under Armour Inc forecast annual sales and profit below Wall Street expectations on Tuesday in a sign that stubborn inflation was discouraging shoppers from spending on its athletic clothes and footwear.

Ukraine's sunflower oil output could total 4.5-4.7 million tonnes in the 2022/23 September-August season and up to 6 million tonnes in 2023/24 as farmers plan to increase the crop area, the sunoil producers' association said on Tuesday.

India's Raymond Ltd on Tuesday reported a nearly 6% rise in quarterly core profit on the back of higher sales in its key textiles and apparel businesses.

Coty Inc on Tuesday raised its annual profit forecast for the second time and beat third-quarter revenue estimates, buoyed by the CoverGirl parent's price hikes and steady demand for its high-end and affordable cosmetics and fragrances.

Malaysian palm oil futures reversed early losses on Tuesday to scale to their highest closing in a month, as traders assessed slow exports against forecasts of a steep drop in supply ahead of key data.

Copper prices held steady on Tuesday but came under pressure after data from top consumer China suggested weak growth and demand, while rising inventories and a firm dollar reinforced negative sentiment.