Nasdaq Commodities

Birkin bag maker Hermes said it will raise prices this year after sales jumped 17.5% in the fourth quarter of 2023, demonstrating the resilience of high end shoppers despite economic headwinds.

Yara International on Friday reported fourth-quarter core earnings down 45% year-on-year, though they still beat expectations, and said it would reduce its dividend.

Singapore's Maritime and Port Authority (MPA) will introduce enhanced testing parameters for marine fuel delivered for bunkering at Singapore, to reduce the occurrence of bunkering contaminated fuels, it said in a circular notice this week.

London copper rebounded on Friday, but was set for its biggest weekly loss since September on demand concerns from top consumer China and a firm U.S. dollar.

Chicago soybeans slid on Friday, with prices under pressure from expectations of higher world supplies, even as forecasters reduced their production estimates for top exporter Brazil.

London copper rebounded on Friday after touching a near-three-month low in the previous session, but gains were limited by demand concerns from top consumer China and a firm U.S. dollar.

Singapore state investment firm Temasek [TEM.UL] and its wholly owned unit Seviora have partnered to jointly invest in late venture and early growth agri-food companies in Asia Pacific, Seviora said in a statement on Friday.

Chicago soybeans inched higher on Friday, with the market set for a weekly gain after recovering from a three-year low hit earlier this week, as expectations of lower production in Brazil underpinned prices.

China returned to being a major net importer of refined zinc last year after a brief inversion of historical trade flows in 2022.

Top exporter Brazil’s soybean harvest will be smaller than originally thought after excessive heat and dryness clipped yields in key growing areas, but much of the recent crop cuts has been offset by stealthy expansions in last year’s output.

The rebound in palm oil prices is likely to be capped by abundant supplies of rival soyoil and sunflower oil, "soft" oils that are available at discounts to tropical palm oil for the first time in more than a year.

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The Federal Aviation Administration is exploring the use of an independent third-party to oversee Boeing inspections and quality oversight after evidence emerged the planemaker failed to install key bolts on a jet that suffered a midair emergency.

Global cocoa prices hit fresh record highs on Thursday as traders continued to scramble for supplies, predicting ever wider deficits this season and with concerns growing for the next.

Chicago Board of Trade soybean futures ended the day higher on Thursday on a flurry of late-session buying, as the market struggled to gain clarity on the size of the Brazilian crop, traders said.

Five plants in Brazil have been authoritized to export beef and poultry to Russia, Brazil's agriculture ministry said on Thursday.

Chicago Board of Trade soybean futures fell on Thursday, in the wake of government crop data that lowered the forecast for Brazil's soybean crop following this season's hot, dry weather.

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ICE cotton futures were little changed on Thursday, after a mixed federal monthly supply-demand report that forecast lower global supply and weak demand for the 2023-24 marketing year.

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