Nasdaq Commodities

Malaysian palm oil futures rose in early trade on Wednesday due to concerns over lower production and falling stocks in the world's top suppliers.

Hopes of policy stability in India after victories for Prime Minister Narendra Modi's ruling party in key state polls this month should extend a boom in initial public offerings (IPO) into 2024 as companies rush to tap investor demand, bankers say.

Negotiators for pilots at Southwest Airlines have reached an agreement in principle with the company for a new five-year contract worth $12 billion, the union said on Tuesday, adding that its board still needs to decide whether to send the deal to members for a ratification vote.

Brazil’s 2023 soybean exports have surpassed 100 million metric tons, up at least 16% from 2021’s full-year record, though the world’s leading soybean exporter remains heavily dependent on China.

In trading on Tuesday, shares of Alcoa Corporation (Symbol: AA) crossed above their 200 day moving average of $32.66, changing hands as high as $33.00 per share. Alcoa Corporation shares are currently trading up about 6.9% on the day. The chart below shows the one year perfor

Negotiators for pilots at Southwest Airlines have reached an agreement in principal with the company for a new contract, the union said on Tuesday, adding that the union's board still needs to decide whether to send the deal to members for a ratification vote.

Futures of robusta and arabica coffee rose sharply on Tuesday with traders reporting strong buying by speculators, while raw sugar futures recovered mid-way in the session to close higher.

Heat waves and scarce rainfall in Mato Grosso, Brazil's biggest grain state, are expected to reduce soybean output in the 2023/24 cycle by around 20%, according to a survey released by farmer group Aprosoja on Tuesday.

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.

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.

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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.