Shanghai copper prices rose marginally higher on Monday as expectations of improved Chinese demand lent support, although trade was quiet as European markets were closed due to the Easter holiday.
China's Dalian Commodity Exchange said on Monday it will lower the trading range for soymeal and soyoil futures contracts from 8% to 6% above or below their opening price and from 11% to 7% for liquefied petroleum gas.
Malaysian palm oil futures dropped for a fourth session on Monday due to the absence of fresh destination buying, which hurt market sentiments, despite a tighter supply situation at origins.
Chicago wheat futures climbed more than 1% on Monday, rising for the first time in four sessions as Russia's threat to bypass a UN-brokered grain deal underpinned prices.
Malaysian palm oil futures dropped for a fourth session on Monday, as market participants awaited March output data and export figures for the first ten days of April, due later in the day.
Shanghai copper prices rose marginally higher on Monday as expectations of improved Chinese demand lent support, although trade was quiet as European markets were closed due to the Easter holiday.
Chicago wheat futures jumped 1.5% on Monday, rising for the first time in four sessions, as renewed concerns over the Black Sea grain deal underpinned prices.
The bankruptcy filing by Richard Branson's Virgin Orbit Holdings Inc has dealt a blow to Japan's hopes of building a domestic space industry, with plans for a Kyushu-based spaceport designed to attract tourism on hold for lack of funding.
Speculators spent the second half of March reducing long positions in Chicago-traded soybeans after having established bearish corn views for the first time since 2020.
Russia is considering raising its base price for calculating the wheat export tax to 17,000 roubles ($212.23) per tonne from 15,000 roubles per tonne, the Vedomosti daily reported, citing two unnamed sources in exporting companies.
China and France will study the need for cargo planes and long-haul jets "in due course," a joint statement said on Friday, following a state visit by French President Emmanuel Macron.
Imports of Ukrainian grain to Poland will be temporarily halted to mitigate impact on prices, but transit will still be allowed, Polish Agriculture Minister Robert Telus said on Friday.
Airbus deliveries fell by 11% on an industrial basis to 127 jets in the first quarter, underscoring pressure on global supply chains, industry sources told Reuters.