Nasdaq Commodities

Zara owner Inditex on Wednesday posted a 27% net profit increase in 2022 as sales exceeded pre-pandemic levels in the first full year since Marta Ortega, daughter of founder Amancio Ortega, took over at the helm of the company.

Zara owner Inditex on Wednesday said its net profit rose 27% in 2022 after sales exceeded pre-pandemic levels as the company raised prices to mitigate inflation and benefited from shoppers buying more fashion when restrictions ended.

Airbus and U.S. rival Boeing were locked in a dead heat for deliveries for the first two months of the year, but the European planemaker has a tougher task to meet annual forecasts amid ongoing supply woes.

Malaysian palm oil futures rose on Wednesday, coming off a near-one-month low hit in the previous session, underpinned by strong export demand.

Copper prices struggled to find momentum on Wednesday, as subdued China factory data weighed on demand hopes, although the likelihood of a smaller rate hike by the U.S. Federal Reserve provided some support.

The Australian unit of U.S. aluminium producer Alcoa Corp said on Wednesday output at its Portland smelter in Victoria would be reduced to about 75% of its total capacity of 358,000 metric tonnes per year, citing instability and production challenges.

The Australian unit of U.S. aluminium producer Alcoa Corp said on Wednesday the output at its Portland smelter in Victoria would be reduced to about 75% of its total capacity of 358,000 metric tonnes per year, citing instability and production challenges.

Malaysian palm oil futures rose on Wednesday, coming off a near-one month low hit in the previous session on optimism over export demand ahead of cargo surveyor data.

China's aluminium production rose 7.5% in the first two months of 2023, official data showed on Wednesday, after the end of strict COVID-19 controls improved the economic outlook and lifted demand expectations.

Chicago wheat futures rose more than 1% on Wednesday to a one-week high as strong demand and uncertainty over a Black Sea grain export deal underpinned the market.

Speculators' selling of Chicago grain and oilseed futures in the last week of February far surpassed market expectations, led by a massive reduction in corn bullishness.

Copper prices edged up on Wednesday after cooling U.S. inflation data bolstered hopes of lower interest rate hikes by its central bank next week, while signs of demand recovery from top consumer China also supported investors' buying appetite.

Indonesian nickel company PT Trimegah Bangun Persada (TBP), of the Harita conglomerate group, plans to raise up to 15.12 trillion rupiah ($982 million) in its April initial public offering, according to a prospectus on Wednesday.

Indonesian nickel company PT Trimegah Bangun Persada (TBP), of the Harita conglomerate group, plans to raise up to 15.11 trillion rupiah ($982 million) in its April initial public offering, local media reported on Wednesday, citing the prospectus.

The major pilots union in North America and the union representing Air Canada pilots said on Tuesday they had agreed in principle to a merger, which will now be voted on by pilots, an executive board and council.

Chicago wheat futures rose for a fourth consecutive session on Wednesday, trading close to a one-week high hit in the last session, as strong demand and uncertainty over a Black Sea grain export deal underpinned the market.

U.S. senators reintroduced a bipartisan bill on Tuesday that would allow nationwide sales of gasoline with a higher blend of ethanol year-round, as a second heavy-weight oil trade group appeared ready to back the idea.

U.S. wheat and corn futures rose on Tuesday, rebounding from multi-month lows set last week, as Wall Street equity markets turned higher and signs of fresh grain export demand emerged, analysts said.

Colombia's banana exports fell 2.7% to 108 million 20-kilogram boxes last year, the head of banana growers' association told Reuters on Tuesday, citing inclement, rainy weather and difficult international markets due to the war in Ukraine.

U.S. senators reintroduced a bipartisan bill on Tuesday that would allow nationwide sales of gasoline with a higher blend of ethanol year-round, with the support of a leading oil trade group.