Nasdaq Commodities

Raw sugar futures on ICE hit a fresh 6-1/2 year high on Monday as lower-than-expected production in some key regions help tighten supplies, while arabica coffee prices climbed to a two-week high.

(RTTNews) - After showing little change over the course of the two previous sessions, the price of crude oil showed a notable move to the downside during trading on Monday.

Burundi's economy is forecast to grow 3.3% this year from an estimated 1.8% in 2022, although delayed rains at the end of last year and limited fertiliser supplies will hurt agricultural production, the International Monetary Fund said on Monday.

(RTTNews) - The price of gold showed a notable move to the downside on Monday as trading resumed following the long Easter weekend.

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Good-to-excellent ratings for U.S. winter wheat were likely at their lowest in 27 years due to dry soils that have stressed the crop in the U.S. Plains since it was planted in the fall, analysts said.

About 150 employees of a Tyson Foods Inc chicken plant in Arkansas went on strike on Monday for better treatment before the company shuts the facility, an organizer said.

Argentina has patched up its wobbly economy with a so-called "soy dollar" preferential exchange rate to boost grains exports and bring in much-needed foreign currency, which analysts said would give the government breathing room, at least temporarily.

Chicago wheat futures were higher on Monday, as dry weather put Kansas City wheat at risk and Russia's threat to bypass a UN-brokered grain deal underpinned prices, traders said.

Export prices for Russian wheat remained stable for the second week in a row, with export volumes remaining high and a tacit lower price limit for shipments, analysts said.

Raw sugar futures on ICE hit a fresh 6-1/2 year high on Monday as lower than expected production help to tighten supplies, while arabica coffee prices climbed to a two-week high.

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

The new coffee crop (2023/24) in the world's largest producer and exporter Brazil was projected on Monday to reach 66.6 million 60-kg bags, or a 13% increase over the previous crop, according to estimates released by consultancy Safras & Mercado.

FXEmpire.com - Natural Gas Price Forecast Video for 11.04.23

The Gorky Automobile Plant, part of Russia's GAZ Group which was contracted to assemble cars for Volkswagen, has filed a lawsuit to recover 28.4 billion roubles ($348 million) from the German automaker, court records show.

Brazilian farmers have harvested 82% of the soybean area planted for 2022/23 through last Thursday, agribusiness consultancy AgRural said on Monday, up six percentage points from the previous week.

Malaysian palm oil futures closed a touch higher on Monday, snapping three days of losses after a report showed a sharp drop in stocks last month, though weak exports in the April 1-10 period limited gains.

Sugar prices in India have climbed more than 6% in two weeks and are likely to rise further as production is set to fall and demand from bulk consumers to strengthen during the peak summer season, industry officials told Reuters.

Chicago wheat futures climbed 1% on Monday, rising for the first time in four sessions as Russia's threat to bypass a UN-brokered grain deal underpinned prices.

A unit of Toronto-based miner Brazil Potash is working to keep a $2.5 billion potash project on schedule, as legal challenges are mounting to its plans for extracting the fertilizer ingredient from beneath the Amazon rainforest.