Nasdaq Commodities

India has been planning to relax norms to procure wheat from farmers amid untimely rainfall and hail which damaged the crop just before harvesting in key producing central and northern states, government officials and traders told Reuters.

White sugar futures on ICE rose to their highest in more than 10 years on Monday, boosted by a diminishing production outlook and rising energy prices.

Traders woke to the news that an unofficial cartel within OPEC+, led by Saudi Arabia, have decided to cut their oil output.

The French agricultural trading giant Louis Dreyfus will stop exporting Russian grain from July 1, the company said in a statement on Monday.

Tereos SA [TEREO.UL], one of the world's largest sugar and ethanol groups, is set to increase sugarcane crushing in Brazil by 10% in 2023/24, buoyed by a positive scenario for prices of the sweetener as the country kicks off a new season.

Brazilian farmers have harvested 76% 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.

French agricultural firm Louis Dreyfus will stop exporting Russian grain from July 1, Interfax reported on Monday, citing the company.

European planemaker Airbus is negotiating a new round of plane orders with China, coinciding with a visit by French President Emmanuel Macron to the economic superpower later this week, government and industry sources said.

Ahead of key data for the U.S. manufacturing economy out shortly after equities begin trading today, energy stocks are moving higher in pre-market trading following the surprise 1.16 million barrel a day production cut announcement from OPEC+.

Malaysian palm oil futures rose nearly 3% on Monday and touched a two-week high, as a rally in crude oil lifted prices.

Copper prices slid on Monday, under pressure from a firmer U.S. dollar as inflation concerns renewed, while a slowdown in China's factory activity growth also weighed on investors' sentiment.

Chicago soybean futures jumped to a three-week peak on Monday, while corn rose to its highest in more than a month as planting delays in the United States and strong gains in oil prices buoyed agricultural commodities.

Malaysian palm oil futures rose 2.5% on Monday with prices climbing to their highest in two weeks, underpinned by a rally in the crude oil market.

Copper prices slipped on Monday, as a slowdown in top consumer China's factory activity growth fanned demand concerns, and the U.S. dollar firmed over renewed inflation fears.

Chicago soybean futures jumped to a three-week peak on Monday, while corn rose to its highest is more than one month as U.S. planting delays and strong gains in oil prices buoyed agricultural commodities.

Argentina's government will launch a new "soy dollar" preferential exchange rate for farm exports on Monday, a spokesperson from the economy ministry said, to boost agricultural shipments and increase the depleted foreign reserves in the central bank (BCRA).

Australia's No. 2 grocer Coles Group on Monday said it acquired two automated milk processing facilities from Saputo Dairy Australia for A$105 million ($70.13 million) in a move to expand its milk supply.

New Zealand's Fonterra Co-operative Group on Monday further trimmed its farmgate milk price range forecast for the 2022/23 season for the fourth time, reflecting softer short-term demand for its products.

Speculators reduced bullish views in Chicago-traded soybeans last week as last month’s sell-off was bottoming.

Malaysia said on Sunday it has signed a memorandum of understanding with a China government-backed trade association to enhance palm oil trade and cooperation.