Nasdaq Commodities

FXEmpire.com -

FXEmpire.com -

U.S. wheat futures tumbled to fresh lows on Monday on ample world supplies, sluggish U.S. export demand and beneficial rains in key production areas of the Plains and Midwest.

The U.S. Department of Agriculture's (USDA) weekly crop progress report should rate 28% of the U.S. winter wheat crop in good to excellent condition, according to the average estimate in a survey of 10 analysts on Monday, up 2 percentage points from last week following much-needed rains in the Plains but still among the lowest on record.

Former right-wing President Jair Bolsonaro stole the show on Monday at Brazil's largest agribusiness fair where he was acclaimed by supporters from the country's strong farm sector.

After cool and wet weather delayed planting last year, the U.S. Crop Watch farmers are planting corn and soybeans at an efficient clip, but not as fast as in 2021.

Raw sugar futures were lower on ICE on Monday after reaching the highest prices in more than 11 years last week. Arabica coffee was also down in light volume with most of Europe and Latin America shut for Labour Day holiday.

The U.S. government could delay a decision on giving electric vehicle (EV) manufacturers tradable credits under a renewable fuel scheme, due to concern about legal challenges to the plan, two sources familiar with the matter said.

Vyacheslav "Slava" Zaitsev, the couturier behind world-famous Soviet fashion that was often adorned with colourful Russian folkloric motifs, died on Sunday at age 85.

Below average rainfall across most of Ivory Coast's cocoa-growing regions last week has not affected crops as harvests pick up, farmers said on Monday.

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

A union representing American Airlines Group Inc pilots said on Monday its members had approved a strike mandate ahead of the busy summer travel season, although the chances of an actual labor disruption remain slim.

Speculators’ views in Chicago-traded soybeans and soybean meal last week fell to the least bullish levels since November, while funds cranked up bearish bets in CBOT wheat and returned to the short side in corn.

The Biden administration could delay deciding whether to give electric vehicle (EV) manufacturers tradable credits for using electricity generated from renewable fuels, potentially putting the effort to boost EV automakers like Tesla in political limbo, two sources familiar with the matter said.

Qatar Airways could expand its number of destinations to 190 from 177 currently under plans for rapid growth, but its ability to do so depends on the delivery of additional aircraft, the Gulf carrier's chief executive said on Monday.

Chicago wheat futures slid on Monday, with prices trading close to last week's lowest in almost two years, as rain in the U.S. Plains improved the outlook for crops.

Consultancy Strategie Grains raised its forecast for 2023 European Union rapeseed production this year to 20.0 million tonnes from 19.5 million a month earlier, citing favourable crop conditions in much of Europe.

Chicago wheat futures slid on Monday, with prices trading close to last week's lowest in almost two years, as rain in the U.S. Plains and easing concerns over Ukrainian supplies weighed on the market.

Vyacheslav "Slava" Zaitsev, the couturier behind world-famous Soviet fashion that was often adorned with colourful Russian folkloric motifs, died on Sunday at age 85, Russian news agencies reported.

Speculators’ views in Chicago-traded soybeans and soybean meal last week fell to the least bullish levels since November, while funds cranked up bearish bets in CBOT wheat and returned to the short side in corn.