Heat waves and scarce rainfall in Mato Grosso, Brazil's biggest grain state, are expected to reduce soybean production in the 2023/24 cycle by around 20%, according to a survey released by farmer group Aprosoja on Tuesday.
Egypt's state grains buyer, the General Authority for Supply Commodities (GASC), said on Tuesday it bought 480,000 metric tons of Russian wheat in an international tender.
The U.S. Environmental Protection Agency has asked the White House to approve a rule that would allow expanded sales of higher-ethanol gasoline to be sold in certain Midwestern states, after governors from those states requested it.
Airbus is on course to break aerospace order records in 2023 after a buying spree from European airlines and a brisk month so far in deliveries, industry sources said on Tuesday.
The Federal Aviation Administration has no "specific timetable" to certify the Boeing 737 MAX 7, the agency's top official told Reuters on Tuesday, despite the planemaker previously expecting that to occur by the end of this year.
In trading on Tuesday, shares of Ryerson Holding Corp (Symbol: RYI) crossed above their 200 day moving average of $33.78, changing hands as high as $33.80 per share. Ryerson Holding Corp shares are currently trading up about 3.4% on the day. The chart below shows the one year
Copper prices climbed on Tuesday as supply concerns fuelled by mine closures, a sliding dollar and falling stocks in warehouses approved by the London Metal Exchange (LME) triggered buying.
Euronext wheat eased on Tuesday to return to a two-week low as a sharp rise in the euro and ample offers of Russian wheat in an Egyptian tender maintained export concerns in western Europe.
Chicago soybean futures turned lower on Tuesday, as weather forecasts called for Brazil's dry crop belts getting some much-needed rainfall in the coming days.
European Union soybean imports so far in the 2023/24 season that started in July had reached 5.17 million metric tons by Dec. 17, nearly unchanged compared with 5.15 million a year earlier, data published by the European Commission showed on Tuesday.
A merchant ship sailing off Somalia has been hijacked by unknown raiders, Spain's defence ministry said on Tuesday, fuelling fears pirates are returning to the Gulf of Aden and Red Sea waters already plagued by a surge in attacks on shipping.
Brazil's energy policy council CNPE on Tuesday set the mandatory biodiesel blend into diesel in the country at 14% starting March 2024 and 15% starting 2025, Mines and Energy Minister Alexandre Silveira said, raising it from the current 12%.
A World Trade Organization dispute panel ruled on Tuesday that Turkey should repeal additional duties imposed on the United States in retaliation for U.S. steel and aluminium tariffs, after Ankara's measure was found to be "inconsistent" with WTO policy.
In trading on Tuesday, shares of Newmont Corp (Symbol: NEM) crossed above their 200 day moving average of $41.99, changing hands as high as $42.35 per share. Newmont Corp shares are currently trading up about 3% on the day. The chart below shows the one year performance of NE
Wall Street's main stock indexes rose on Tuesday, building on strong gains in recent weeks as investors continued to bet on a policy pivot by the Federal Reserve next year.
Shares of Brazilian airlines rose on Tuesday on investor relief that a government deal to lower ticket prices was not as heavy-handed as some expected, amid President Luiz Inacio Lula da Silva's personal campaign to make airfare more affordable.
Brazil, the world's top chicken supplier, has continued to up production even after the arrival of the highly contagious bird flu virus, which has not reached commercial farms but was detected in national territory for the first time in May.
Plane maker Airbus said on Tuesday it had won an order from easyJet for 157 more aircraft, after the budget airline received a green light from shareholders for the planned purchase.
Reuters
Checked
20 minutes 2 seconds ago
This feed is responsible for generating the rss feed related to the topic Commodities