Nasdaq Commodities

FXEmpire.com -

Robusta coffee futures on ICE were slightly lower on Thursday, slipping further from a recent more than 15-year high, while sugar and cocoa prices also fell.

The lowest free on board (FOB) offer presented in an international purchasing tender for wheat on Thursday from Egyptian state buyer GASC was estimated at $262.35 per metric ton for Ukrainian wheat, traders said.

Copper prices retreated from the highest in nearly five months on Thursday as investors locked in profits from a rally ahead of year-end.

China had 41.6 million sows at the end of November, down 1.2% month-on-month and down 5.2% from previous year, the Ministry of Agriculture and Rural Affairs said on Thursday.

Aluminium and nickel inventories in London Metal Exchange (LME) registered warehouses jumped to fresh highs this week after more inflows, LME data showed, highlighting excess supply.

Lawsuits accusing major chemical companies of polluting U.S. drinking water with toxic PFAS chemicals led to over $11 billion in settlements in 2023, with experts predicting that new federal regulations and a growing awareness of the breadth of PFAS contamination in the U.S. will spur more litigation and settlements in the year ahead.

Malaysian palm oil futures fell on Thursday after two consecutive sessions of gains, weighed down by weakness in Dalian vegetable oils, although lower production estimates limited losses.

Bangladesh's state grains buyer has purchased about 100,000 metric tons of milling wheat in two international tenders, which closed earlier in December, an official at Bangladesh’s food ministry said on Thursday.

Bangladesh garment factories have fired hundreds of workers since protests in October demanding higher wages, three labour unions representing half a million workers told Reuters this week, while many others are on the run fearing arrest.

Copper prices in London hovered around a five-month high on Thursday, supported by a softer dollar on bets of interest rate cuts by the U.S. Federal Reserve.

Chicago wheat futures edged higher on Thursday, recouping some of the previous session's losses, although gains were limited by a lack of demand in international markets at the year's end.

Copper prices in London were steady on Thursday, hovering around a five-month high hit in the previous session, supported by a softer dollar on bets of interest rate cuts by the U.S. Federal Reserve.

Malaysian palm oil futures declined on Thursday after two consecutive sessions of gains, weighed down by weakness in rival edible oils, although lower production estimates limited losses.

Malaysian palm oil futures opened lower on Thursday after two consecutive sessions of gains, tracking weakness in rival edible oils, while gains in the ringgit also weighed.

Chicago wheat futures edged higher on Thursday, recouping some of the previous session's losses, although gains were limited by a lack of demand in international markets at the year's end.

Some Japanese aluminium buyers have agreed to pay global producers a premium of $90 per metric ton over the benchmark price for shipments in January to March, down 7% from the current quarter, three sources directly involved in the pricing talks said.

Chilean lithium miner SQM said on Wednesday it would partner with Codelco for the development and production of the rechargeable battery metal in the Atacama salt flat between 2025 and 2060, in a deal giving the state-run miner majority control.

Chicago wheat declined on Wednesday, erasing most of the gains made the day before when worries that escalating wartime tensions would impact shipping in the Black Sea exporting region sent grains markets higher.

Chilean lithium miner SQM and state-run Codelco have reached a memorandum of understanding to form a government-controlled partnership for the future production of the key rechargeable battery metal, the firms said on Wednesday.