Nasdaq Commodities

Copper prices in London drifted lower on Wednesday as hawkish comments from the U.S. Federal Reserve Chair outweighed expectations of healthy demand from top consumer China.

Palm oil prices will improve in the second half of 2023 on tightening supplies, and refined bleached deodorized (RBD) palm olein prices could jump to $1,150 per tonne on free-on-board basis, leading industry analyst Thomas Mielke told a conference on Wednesday.

Hong Kong's Cathay Pacific Airways Ltd reported on Wednesday a loss of HK$6.55 billion ($834.42 million) for 2022, wider than the previous year's HK$5.53 billion loss, but was positive about the outlook, now that quarantining is no longer required.

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.

JetBlue Chief Executive Robin Hayes strongly defended the airline’s $3.8 billion plan to buy ultra-low cost carrier Spirit Airlines despite the Justice Department's lawsuit Tuesday challenging the deal.

Malaysia's palm oil stocks could fall below 2 million tonnes by the end of April, which would be the lowest since July, as exports are increasing after Indonesia restricted overseas sales, a senior Malaysian official told Reuters.

Malaysian palm oil futures dropped on Wednesday, extending losses to a third consecutive session, as the oilseed tracked weakness in the prices of rival vegetable oils.

Copper prices in London were listless on Wednesday as hawkish comments from the U.S. Federal Reserve Chair offset support from improving demand in top consumer China.

Chicago wheat futures rose for a second session on Wednesday, with bargain buying supporting prices after the market dropped to a 17-month low earlier this week on pressure from Black Sea supplies.

Australian shares slipped 1% on Wednesday, weighed down by commodity stocks, after Federal Reserve Chair Jerome Powell said the U.S. central bank is likely to increase interest rates more than previously forecast to tame sticky inflation.

American Airlines is prepared to match the pay rates and profit-sharing formula that rival Delta Air Lines has provided in its new pilot contract, Chief Executive Robert Isom said on Tuesday.

Hong Kong, one of the world's top luxury shopping destinations, is losing its lustre as high-end retail properties go vacant and famous foreign brands reduce exposure to the city in favour of opening new outlets in mainland China.

A U.S. federal lawsuit to block JetBlue Airways Corp's purchase of Spirit Airlines has raised hurdles for future airline deals, making it harder for companies to pursue growth and manage costs.

Chicago wheat futures edged higher on Tuesday, consolidating above a 17-month low as the market assessed mixed growing conditions in the U.S. Plains and awaited further direction from U.S. government crop forecasts.

Argentine biotech firm Bioceres Crop Solutions Corp will market its drought-tolerant genetically modified wheat in Argentina this year, its chief executive said, after a key Brazil approval and dry weather bolstered the case for GMO.

In trading on Tuesday, shares of IAMGold Corp (Symbol: IAG) entered into oversold territory, changing hands as low as $2.115 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a

Arabica coffee futures on ICE closed higher on Tuesday, recovering from a 2-1/2 week low in the previous session, while futures for both raw and white sugar ended with gains.

The Brazilian government's agriculture research agency, Embrapa, plans to expand testing of a variety of drought-resistant, genetically modified wheat as Brazil aims to become more self-sufficient in the staple crop.

European planemaker Airbus narrowed a jetliner delivery gap compared with last year after a sharp increase in February and turned the page on a major legal dispute with Qatar Airways by reinstating billions of dollars of plane orders.

Chicago wheat futures edged higher on Tuesday, consolidating above a 17-month low as the market assessed mixed growing conditions in the U.S. Plains and awaited further direction from U.S. government crop forecasts.