Nasdaq Commodities

The European Commission on Thursday cut its forecast for European Union exports of common wheat, or soft wheat, this season to 31 million tonnes from 32 million expected a month ago.

A Brazilian court has banned the export of live cattle from all the country's ports, a ruling hailed as historic on Thursday by an animal welfare group.

Brazil's centre-south sugar production in the first half of April reached 542,000 tonnes, slightly below market expectations of 572,000 tonnes, as cane allocation to sugar was not as high as some analysts projected.

Copper prices slumped to their lowest in nearly four months on Thursday after U.S. economic data spurred gains in the dollar and investors worried about demand in top metals consumer China.

Raw and white sugar futures on ICE rose to 11-1/2 year peaks on Thursday, with supply concerns heightened by recent rains in Brazil, while coffee prices fell.

Chinese importers have scrapped more U.S. corn purchases, the U.S. Department of Agriculture (USDA) confirmed on Thursday, the latest in a series of cancellations as the major feed grain buyer awaits newly harvested grain from Brazil.

Brazil's centre-south sugar production in the first half of April reached 542,000 tonnes, slightly below market expectations of 572,000 tonnes, as cane allocation to sugar was not as high as some analysts projected.

Global demand for refined zinc and lead will exceed supply in 2023, the International Lead and Zinc Study Group (ILZSG) said on Thursday.

FXEmpire.com - Natural Gas Price Forecast Video for 28.04.23

U.S. carriers expect strong profit in the current quarter as travel demand remains strong despite growing risks of an economic recession.

Gap Inc said on Thursday it would reduce its workforce by about 1,800 employees, joining various other U.S. companies in announcing layoffs as worries of an economic recession in the United States continue to grow.

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

Global refined zinc market is likely be in a deficit in 2023, the International Lead and Zinc Study Group (ILZSG) said on Thursday.

The premiums for aluminium shipments to Japanese buyers for April to June were set at $125-$130 a tonne, up 45-53% from the previous quarter, to reflect higher spot premiums elsewhere in Asia, four people directly involved in pricing talks said.

Commodity funds have been bullish in Chicago soybeans for three consecutive years now, and despite a rout in futures last month, funds’ soy views as of last week were essentially unchanged from mid-March.

White sugar futures on ICE rose to an 11-year peak on Thursday, with supply concerns heightened by recent rains in Brazil, while coffee prices fell.

American Airlines on Thursday forecast second-quarter profit above estimates as travel demand stays strong in the face of a looming recession.

Chicago wheat touched another 21-month low on Thursday, while corn and soybeans hit fresh eight-month and one-month lows, respectively, as favourable U.S. weather forecasts, export competition and economic concerns hung over grain markets.

The U.S. ethanol industry is lobbying the Biden administration to ensure lower-carbon aviation fuel made from ethanol will qualify for subsidies under the Inflation Reduction Act, arguing such provisions are crucial to meeting U.S. climate goals.

Copper prices touched their lowest in more than a month on Thursday, pressured by weak demand in top metals consumer China and an expected slide into recession in some Western countries.