Nasdaq Commodities

Chicago wheat futures trod water on Thursday amid weak demand and falling Russian export prices, while soybeans and corn hovered above multi-year lows on the prospect of ample supply.

The International Monetary Fund on Wednesday approved the most recent review of its $44 billion program with Argentina, allowing for the disbursement of $4.7 billion.

U.S. wheat futures fell on Wednesday on technical selling and spillover weakness from European wheat markets amid thin export demand, while corn and soybeans stabilized after setting multi-year lows a day earlier.

The European Commission will start informal high-level meetings with member states on Saturday on the details of a proposed new set of sanctions against Russia for its invasion of Ukraine, three diplomatic sources said on Wednesday.

Agricultural chemical and seed company Corteva beat Wall Street estimates for fourth-quarter profit on Wednesday as higher prices in its seeds business offset lower volumes.

Agricultural chemical and seed company Corteva reported a drop in fourth-quarter profit on Wednesday, amid lower volumes and sales of crop protection products and seeds.

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The total number of U.S. cattle fell to its lowest level since 1951 as of Jan. 1, in the herd's fifth consecutive year of decline, U.S. Department of Agriculture data showed on Wednesday.

London cocoa futures on ICE hit a record high on Wednesday, extending the market's prolonged advance on tightening stocks after poor crops in West Africa. Sugar futures also rose.

Brazil shoe retailer Arezzo and clothes retailer Grupo Soma said on Wednesday they are in talks for a potential business tie-up, though they added that no binding documents have been inked so far.

Brazil's 2024/25 (July-June) coffee production was projected on Wednesday at 67.15 million bags, only about 2% more than the previous crop output, as unfavorable weather will prevent the new crop from reaching its full potential, said trader Comexim.

U.S. wheat futures fell nearly 2% on Wednesday, retreating after a day earlier rally, while corn and soybeans also sagged as market players sought fresh direction, analysts said.

German sportswear maker Adidas expects operating profit to nearly double to about 500 million euros ($542.3 million) this year after the company's break-up with Kanye West and the discontinuation of its Yeezy business.

Amer Sports' growing reliance on China for revenue is weighing on investor interest in the sporting equipment maker's U.S. initial public offering (IPO), which had sought to raise up to $1.8 billion, people involved in the process said.

Brazil's mining industry exports grew 9.5% in 2023 from the previous year to 392 million tonnes, according to data released on Wednesday by industry group Ibram.

Brazilian shoe retailer Arezzo is close to announcing a possible merger with fashion company Grupo Soma in a stock-swap deal, local business outlet Neofeed reported on Wednesday, citing sources familiar with the matter.

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German sportswear maker Adidas expects operating profit to nearly double to about 500 million euros ($542.3 million) this year after the company's break-up with Kanye West and the discontinuation of its Yeezy business.

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Boeing has been sued by shareholders who said the company prioritized profit over safety and misled them about its commitment to making safe aircraft, prior to the Jan. 5 mid-air cabin panel blowout on an Alaskan Airlines 737 MAX 9.