Nasdaq Commodities

The U.S. has requested formal trade consultations with Mexico over the Latin American country's plans to restrict imports of genetically modified corn.

Canada has asked for formal consultations with Mexico over its restrictions on genetically modified agricultural imports under their free-trade agreement, Bloomberg News reported on Wednesday, citing people familiar with the matter.

The U.S. Justice Department's lawsuit seeking to halt JetBlue Airways Corp's planned $3.8 billion acquisition of ultra-low cost carrier Spirit Airlines Inc was reassigned on Wednesday to a judge known for trying to speed cases along to trial.

JetSMART Airlines has obtained a green light from Colombia's civil aviation regulator to start a process that would allow it to operate as a domestic carrier in the South American country, the Civil Aviation Authority said.

Arabica coffee futures on Intercontinental Exchange (ICE) fell to a three-week low on Wednesday, weighed partly by improved near-term supplies in the physical market, while sugar prices also fell.

Latin American currencies gained on Wednesday as the dollar retreated from recent highs touched after hawkish remarks from Federal Reserve Chair Jerome Powell, while stocks in the region rose 2% on a boost from Brazilian shares.

Thales on Wednesday posted a 15.6% rise in 2022 core operating profit to 1.935 billion euros as sales rose by an underlying 5.5% to 17.569 billion euros, led by higher demand for military and jetliner parts despite fractured supply chains.

Chinese online fashion retailer SHEIN is set to raise around $2 billion in a new funding round this month and is aiming for a U.S. listing in the second half of this year, three people with knowledge of its plans told Reuters.

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

Ukraine's president and United Nations Secretary-General Antonio Guterres called on Wednesday for the extension of a deal with Moscow that has allowed Kyiv to export grain via Black Sea ports during Russia's invasion.

Ukraine's president and United Nations Secretary-General Antonio Guterres called on Wednesday for the extension of a deal with Moscow that has allowed Kyiv to export grain via Black Sea ports during Russia's invasion.

Chicago wheat futures slid on Wednesday, giving up much of the previous session's gains and trading near a 17-month low reached earlier this week, on expectations for a Black Sea grain corridor deal between Russia and Ukraine.

Morocco, a major cereal importer, has modified its wheat import subsidy scheme to make it easier for companies to bring in cargoes from the Black Sea region, an official at state grain agency ONICL said on Wednesday.

Russia's demands for the extension of a deal that allows the export of Ukrainian grain through the Black Sea have not yet been met, a Turkish diplomatic source said on Wednesday, adding that Ankara is "working very hard" to ensure the deal continues.

WHP Global said on Wednesday its valuation rose to $1.6 billion after the New York-based brand management firm raised fresh capital from funds managed by the private equity unit of Ares Management Corporation.

Raw sugar futures on ICE were lower on Wednesday as the strength of the dollar helped to erode recent gains, while coffee and cocoa prices also fell.

Speculators closed out February with presumptively large selling in Chicago-traded corn and wheat. That selling has vanished so far in March as funds have seemingly shifted their interest to buying soybeans and soymeal as Argentine crops further deteriorate.

Brazilian airline Gol Linhas Aereas Inteligentes SA on Wednesday reported an unexpected fourth quarter net profit, reversing a multi-billion-real loss seen a year earlier on the back of higher yields and positive tourism demand.

As the sweltering morning sun beat down on them, about half a dozen young Zimbabwean women stacked green tobacco leaves into sheaves while another group, some with babies on their backs, loaded the harvested crop onto a tractor.

Adidas will slash its 2022 dividend, the sporstwear maker said on Wednesday, warning a split with rapper and fashion designer Ye could push it to its first annual loss in three decades this year.