Nasdaq Commodities

Chicago soybean and corn futures lost ground on Tuesday with rapidly progressing U.S. planting boosting expectations of bumper production and weighing on prices.

The United Nations said no ships were inspected on Sunday or Monday under a deal allowing the safe Black Sea export of Ukraine grain, which Moscow has threatened to quit on May 18 over obstacles to its own grain and fertilizer exports.

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.

Chicago soybeans ended down and corn was flat on Monday, as U.S. planting progressed ahead of last year and uncertainty over whether Ukraine's safe shipping agreement for grain exports will be extended with the deal set to expire on May 18.

The dollar edged higher against a basket of its peers on Monday, shaking off earlier weakness as traders moved past an unsurprising loans survey toward other economic data that could provide fresh clues on the Federal Reserve's hiking path.

Chicago Mercantile Exchange lean hog futures fell for the fourth straight session on Monday, with the most-active June contract hitting a new low, with traders focused on cash market weakness and light demand for pork.

Arabica coffee futures closed more than 2% down on ICE on Monday amid worries over demand while raw sugar futures were little changed.

Forward sales of Brazil's second corn crop hit 24.3% of the expected production of 92.2 million tonnes, according to a survey by agribusiness consultancy Safras & Mercado that reflects slow farmer selling for this time in the season.

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Algeria's state grains agency OAIC has issued an international tender to buy soft milling wheat to be sourced from optional origins, European traders said on Monday.

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Ryanair is close to signing a major new aircraft order with Boeing, two people familiar with the matter said on Monday.

Soil moisture offset below average rainfall in most of Ivory Coast's main cocoa regions last week as harvests for the April-to-September mid-crop crop picked up, farmers said on Monday.

French shipping group CMA CGM has committed to buy the logistics operations of family-run conglomerate Bollore for an enterprise value of 5 billion euros ($5.5 billion), the two companies said on Monday.

FXEmpire.com - Key Insights Fed’s rate hike did not provide any support to the U.S. dollar.  Traders expect that Fed will cut the federal funds rate to 425 – 450 bps by the end of the year.  The difference between Fed and ECB policies may put additional pressure on U.S. Dollar I

Chicago wheat dipped off recent highs and corn rose on Monday, on uncertainty over whether Ukraine's safe shipping agreement for grain exports will be extended with the deal set to expire on May 18.

French family-run conglomerate Bollore said on Monday it had received a put option from shipping group CMA CGM to buy its logistics unit for an enterprise value of 5 billion euros ($5.5 billion).

Funding for a U.S. and United Arab Emirates-led initiative to make the world's farming more environmentally friendly and resilient to climate change has grown to more than $13 billion, a U.S. official said on Monday.

U.S. President Joe Biden's administration said Monday it is writing new rules aimed at requiring airlines to compensate passengers for significant flight delays or cancellations when the carriers are responsible.