Nasdaq Commodities

FXEmpire.com - Natural Gas Price Forecast Video for 30-01-2024

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

Airlines face years of plane shortages, driving up costs and setting the stage for higher fares, as increased oversight in the wake of a Boeing 737 MAX 9 cabin blowout exacerbates delays caused by weak supply chains, industry officials said.

Robusta coffee prices on ICE rose on Monday with the market supported by supply tightness in Europe while cocoa and sugar prices were also higher.

Eni said on Monday it had stopped importing crude oil for its refinery located in Livorno, central Italy, as it awaits official authorisation to start building Italy's third biorefinery on the site.

Worries about economic growth will weigh on copper prices in coming months, but shortfalls in supply due to mine disruptions and demand for the green transition will bolster the market later in the year, a Reuters poll showed.

Russian wheat export prices continued to decline last week amid oversupply pressure in the Black Sea region, but export volumes have gone up, analysts said.

Brazilian airline Gol said on Monday that its debt was 20.176 billion reais ($4.1 billion) at the end of fourth quarter, disclosing the information for the first time after it filed for Chapter 11 bankruptucy protection last week.

Speculators have built their most bearish-ever January view across U.S. grains and oilseeds, and the collective net short is among the largest on record, driven by further selling in soybeans and meal last week.

Chicago soybeans fell to their lowest in just over two years on Monday as more beneficial rain forecast in key producers Brazil and Argentina raised expectations of plentiful world supplies.

Brazil's 2023/24 soybean harvest had reached 11% of the planted area as of last Thursday, agribusiness consultancy AgRural said on Monday, up 5 percentage points from the previous week and above the 5% seen at the same time a year earlier.

Italian Prime Minister Giorgia Meloni called for a new partnership with Africa on Monday, unveiling a long-awaited plan aimed at boosting economic ties, creating an energy hub for Europe and curbing immigration.

Copper prices retreated on Monday as doubts about demand prospects in top consumer China were reinforced by further news from the country's troubled sectors and as the dollar firmed ahead of a meeting of the Federal Reserve.

Archer-Daniels-Midland Co will delay paying performance bonuses to some executives until its financial statements are completed and audited, according to a staff memo seen by Reuters.

Archer-Daniels-Midland Co will delay paying performance bonuses to some executives until its financial statements are completed and audited, according to a staff memo seen by Reuters.

The financiers behind the world's airline industry are meeting for the first time since a mid-air cabin blowout pushed Boeing into a new safety crisis, compounding a shortage of airplanes as regulators stepped up factory inspections.

Malaysian palm oil futures snapped a three-day rally on Monday, due to weakness in rival oils and on profit taking.

Finnair on Monday said it expects to cancel about 550 flights this week due to labour union strike action against the Finnish government on Feb 1 and 2.

South African fashion retailer Truworths on Monday warned that half-year profit growth had slowed after financially constrained shoppers held back from discretionary spending.

The current cold snap sweeping central and northern India could help farmers harvest a bumper wheat crop this year, but any sudden, abnormal rise in temperatures will hit yields, officials and growers said, forcing the country to import the staple.