Nasdaq Commodities

Malaysian palm oil futures fell to a near one-month low on Monday, under pressure from weakness in rival edible oils, though losses were curbed by upbeat export demand.

Taiwan's Eva Airways Corp said on Monday it would purchase five Boeing Co 787 widebody planes worth $1.78 billion at list prices.

Negotiations began on Monday between U.N. officials and Russian Deputy Foreign Minister Sergei Vershinin aimed at discussing an extension to a deal allowing the export of grains from Ukraine since Russia's invasion, Russia's diplomatic mission in Geneva said.

A patchwork of fixes and increased crop plantings around the world to counter the impact of war in Ukraine on global grain supplies are not enough to ward off further risks of disruption.

The board of Russian mining giant Nornickel has rejected a proposal by shareholder and aluminium company Rusal to replace the board's chairman, a source familiar with the matter said on Monday.

Saudi Arabia bought 1.043 mln tonnes of wheat for July-August arrival, in its first tender in 2023, the Saudi state purchasing agency General Food Security Authority (GFSA) said on Monday.

Malaysian palm oil futures slipped after trading in a tight range on Monday, under pressure from weakness in rival Dalian edible oils, although the contract was supported by lower inventories and upbeat export demand.

Lopper prices rose to their highest in nearly a week on Monday, boosted by a weaker dollar and improved demand from China.

China's new Premier Li Qiang said that the country's food security is guaranteed and that state policies to support food production will increase, at a news conference to mark the close of the annual sitting of parliament on Monday.

Malaysian palm oil futures traded lower in a tight range on Monday, under pressure from weakness in rival Dalian edible oils, although the contract was supported by lower inventories and upbeat export demand.

Industrial metal prices in London rose on Monday, as a weaker dollar made greenback-priced metals cheaper to holders of other currencies.

Japanese rubber futures dipped on Monday, tracking weaker domestic equities, while a stronger yen and lacklustre Shanghai market also added pressure.

Chicago wheat futures gained more ground on Monday, underpinned by a weaker U.S. dollar, with the market's focus on talks this week to renew a Black Sea deal that will allow Ukraine to continue shipping grains.

S&P Global Commodity Insights said on Monday it has acquired UK-based technology firm Tradenet and its live vessel-tracking platform Market Intelligence Network (MINT) to bolster its capability to track and analyse commodity shipments.

Southeast Asia's biggest urea fertiliser maker PT Pupuk Kalimantan Timur (Pupuk Kaltim) plans to invest at least $1 billion to increase its capacity and set up a soda ash plant, its chief executive said on Friday.

Speculators maintained their collective bullish stance in U.S. grain and oilseed futures through mid-February, though there have since been considerable downward corrections in Chicago wheat, corn and soybean oil futures.

Russia's foreign ministry said on Sunday that Russian representatives had not yet taken part in negotiations on extending the Black Sea grain deal.

Canada's Flair Airlines had four aircraft seized on Saturday as a result of a commercial dispute with a New-York based hedge fund and aircraft lessor, resulting in flight cancellations, a spokesman for the ultra-low cost carrier said.

Saudi Arabia's Public Investment Fund (PIF) is close to a deal to order Boeing commercial jets for the fleet of a new national airline, the Wall Street Journal reported on Saturday, citing people familiar with the matter.

Chicago wheat futures closed higher on Friday, boosted by a weaker dollar, after hitting a 20-month low, while corn futures rose from a seven-month low.