Nasdaq Commodities

Russian wheat export prices continued to decline last week, still under pressure from oversupply, while shipments rose to a four-month high after better weather at ports, analysts said.

Tyson Foods beat market expectations for first-quarter revenue and profit on Monday, in first signs demand for its meat products is beginning to recover as inflation concerns ease.

Brazilian fashion companies Arezzo and Grupo Soma said on Monday they had agreed a merger to form an entity with revenues of 12 billion reais ($2.42 billion) to be 54% controlled by Arezzo.

Copper prices fell to their lowest in nearly two weeks as the dollar climbed and pessimism about demand in top consumer China was reinforced by renewed focus on the country's troubled property sector.

Iranian state-owned animal feed importer SLAL has issued international tenders to purchase at least 120,000 metric tons of animal feed barley and 120,000 tons of soymeal, European traders said on Monday.

The Australian government said on Monday it had refused a request by a livestock exporter to send a ship carrying around 14,000 sheep and 1,500 cattle on a month-long voyage around Africa to Israel.

The volume of aluminium product exported by China to the European Union which was covered by the bloc's carbon border tariff fell 30% in 2023, the China Nonferrous Metals Industry Association (CNIA) said on Monday.

Rapeseed output in the European Union is expected to drop by 7% to 18.4 million metric tons this year owing to a sharp decline in the planted area in most EU countries, consultancy Strategie Grains said.

Shell Plc has made a final investment decision to build a gas supply facility in Nigeria to feed a fertiliser plant owned by Africa's richest man Aliko Dangote, the company said in a statement.

Farmers in major coffee exporter Vietnam are refusing to deliver coffee they have sold unless contracts are renegotiated following a surge in global prices to a 28-year high.

Boeing Co said on Sunday it will have to do more work on about 50 undelivered 737 MAX airplanes, potentially delaying some near-term deliveries, after its supplier Spirit AeroSystems discovered two mis-drilled holes on some fuselages.

Pakistan's election commission has asked the caretaker government to "refrain" from finalising a deal to privatise flag carrier Pakistan International Airlines pending a review, a letter from the poll panel seen on Monday said.

Europe's Airbus delivered 30 airplanes in January, up 50% from the same month last year and back in line with the first month of 2022, industry sources said.

Ground staff at German flag carrier Lufthansa will go on strike this Wednesday, the Verdi union said on Monday, in the latest bout of industrial action to hit Germany's transport sector as workers demand more pay.

Base metals trended down on Monday as pressure from a strong U.S. dollar and subdued demand outlook outweighed supply risks.

Malaysia's palm oil stocks likely fell for three straight months to the end of January, in line with seasonal low production in the world's second biggest palm oil producer, a Reuters survey showed on Monday.

Indonesia's annual economic growth fell slightly but remained solid at 5.05% last year, as falling commodity prices hit exports and tight monetary policy dampened demand.

Malaysian palm oil futures recouped early losses on Monday to trade almost flat, with concerns of lower January output and a weaker ringgit countering weakness in rival edible oils.

Australian carrier Qantas will head to the country's Fair Work Commission on Monday to seek arbitration in a pay-related dispute with its pilots at a subsidiary in Western Australia who have voted down a new enterprise deal three times.

Indonesia's annual economic growth fell slightly, but remained solid at 5.05% last year, as exports contracted amid falling commodity prices, data from the statistics bureau showed on Monday.