Nasdaq Commodities

Algerian state agency ONAB has issued an international tender to purchase up to 240,000 metric tons of animal feed corn, European traders said on Tuesday.

At least two iron ore cargoes from the world's No.4 supplier Fortescue Metals Group are facing unusual customs delays at north China's Caofeidian port due to inspections for solid waste, sources with knowledge of the matter said.

Copper and other industrial metals pushed higher on Tuesday on hopes that top metals consumer China would unleash more stimulus to boost its economy.

An investigation into accounting practices in Archer-Daniels-Midland's Nutrition segment could not come at a worse time for the company as sinking crop prices look set to erode profit for its core grain trading and processing businesses this year.

The European Commission is looking into ways of allowing eastern EU member states to restrict farm imports from Ukraine as it extends trade liberalisation with Kyiv for a further year to June 2025.

Germany's longest-ever rail strike is offering a boost to transport companies, who have reported a surge in bookings as people look for alternative travel options on the roads and in the skies.

Malaysian palm oil futures rose on Tuesday, driven by concerns about severe rains disrupting production the world's top two producers, along with strong demand from China, although weakness in rival oils capped gains.

United Airlines' shares rose about 6% in premarket trading on Tuesday after an upbeat 2024 profit forecast from the carrier that is facing a potential hit from grounding its entire fleet of Boeing 737 MAX 9 jets earlier this month.

French farmers in tractors and trucks expanded their roadblocks on Tuesday, resulting in numerous traffic jams as well as one fatal accident, as unions urged the government to address their demands for lower costs and regulation.

China will "guide" farmers to reduce hog production capacity as it steps up regulation of the industry, the agriculture ministry said on Tuesday, after an aggressive expansion drive led to an oversupply of pigs and heavy losses.

Associated British Foods said underlying sales growth slowed at its Primark clothing business in the Christmas quarter and it cautioned it could face additional supply costs due to the disruption in the Red Sea.

Fin Sustainable Logistics said on Tuesday it has acquired Urb-it, giving it access to the bankrupt sustainable delivery company's customers including Alibaba's AliExpress, Inditex's Zara, and its technology.

The Indian government has increased the import duty on gold and silver findings, used in making jewellery, and on precious metal coins to 15% from 11%, effective from Jan. 22, to bring them in line with duties on gold and silver bars.

Swatch Group reported a 5.2% increase in annual sales, the world's biggest watchmaker said on Tuesday, adding it saw "excellent growth prospects" for 2024.

Australia is poised to produce much more wheat and other crops this year than previously thought after rainfall confounded expectations that an El Nino weather pattern would maintain dry and hot conditions, analysts and industry associations said.

Malaysian palm oil futures rose on Tuesday on concerns about severe rains disrupting production in two of the world's biggest producers and were further lifted by strong demand from key importer China.

Second-hand fashion marketplace Vestiaire Collective launched a crowdfunding campaign on Tuesday to raise at least one million euros ($1.09 million) from individual investors as the Kering-backed business aims to become profitable by year-end and potentially go public.

Most nonferrous metals rose on Tuesday, buoyed by improved risk sentiment across financial markets in top consumer China where authorities considered to boost funding and stabilise the stock market.

China will expand planting of genetically modified (GM) soybeans and corn, a government official said, as the world’s largest grains importer seeks to boost yields and improve food security.

Malaysia has maintained its February export tax for crude palm oil at 8% and lowered its reference price, a circular on the Malaysian Palm Oil Board website showed on Tuesday.