Nasdaq Commodities

Copper hovered near 10-week highs on Thursday but weak Chinese manufacturing data and a stronger dollar weighed on prices.

Zimbabwe's economic growth is expected to fall to 3.5% in 2024 from 5.5% this year, mainly due to an anticipated drought caused by El Nino, Finance Minister Mthuli Ncube said on Thursday.

Jordan's state grain buyer has purchased about 60,000 metric tons of animal feed barley to be sourced from optional origins in an international tender that closed on Thursday, European traders said.

J.P. Morgan said on Thursday that steady demand growth will lift the prices of key commodities in 2024 from current levels but advised that investments should be tactically timed.

Brazil's soybean crop will reach 150.67 million metric tons in the 2023/24 cycle, below last year's 154.10 million tons, consultancy Patria Agronegocios said on Thursday, as it factors in the effects of drought in key producing states like Mato Grosso.

The commodities market plays a pivotal role in the agricultural economy, providing a platform for participants to manage risk, discover prices, and facilitate trade.

Struggling British bootmaker Dr Martens is planning to sell pre-owned and refurbished boots in the United States next year to attract shoppers looking to save cash, Chief Executive Kenny Wilson told Reuters.

European defence industry leaders called on Thursday for more firm orders to help them respond to pressure for increases in capacity to meet war demand in Ukraine and other security needs.

Chicago wheat edged down on Thursday after rebounding this week from contract lows, with participants awaiting export data for an indication on demand for U.S. supplies.

Malaysian palm oil futures ticked up on Thursday, underpinned by better-than-expected November export volumes, although a lack of fresh orders from importers kept a lid on prices.

AirAsia parent Capital A said on Thursday it was exploring financing options for its Indonesian and Philippine operations, including a potential initial public offering (IPO) for AirAsia Philippines in the near term.

Lufthansa and the Italian state airline ITA Airways could give up take-off and landing slots at Milan-Linate airport to try and win approval for their merger from the European Union's competition authority, three sources told Reuters.

Russia's IKAR agricultural consultancy said on Thursday that it expects Russia's 2024/25 grain crop to be 145 million metric tons, of which 92 million tons would be wheat.

The Taiwan Flour Millers' Association purchased an estimated 109,325 metric tons of milling wheat to be sourced from the United States in a tender on Thursday, European traders said.

Scandinavian airline SAS reported on Thursday a bigger August-October pretax loss than a year ago and said it aims for a U.S. court to approve its Chapter 11 restructuring plan in early 2024.

China said on Thursday it would review the need for anti-dumping and anti-subsidy tariffs on Australian wine imports, a highly anticipated move that is part of a push to improve the relationship between the two countries.

London copper prices rose on Thursday, on track for their first monthly gain in four months, on a weaker dollar and hopes of demand growth in the last quarter.

Malaysian palm oil futures edged up on Thursday, underpinned by higher export duties in large producer Indonesia, although a lack of fresh orders from importers kept a lid on prices.

Clothing retailer Mango saw double-digit growth in sales during the recent Black Friday and Cyber Monday shopping events, when the Spanish family-owned company marketed discounts of up to 50% off, one of its executives said.

India's Metro Brands rose as much as 8.5% on Thursday to a record high, a day after the footwear retailer inked a deal with U.S.-based chain Foot Locker, which plans enter the Asian market in 2024.