Nasdaq Commodities

The oil industry has been hit by a simultaneous demand and supply shock in March as the coronavirus pandemic cuts fuel consumption and top producer Saudi Arabia raises output to full capacity to fight a price war with rivals.

Shares in Japanese trading houses sank on Thursday after Marubeni Corp warned it will book a record annual loss as the coronavirus outbreak sends prices of oil and commodities tumbling.

This year's benchmark zinc smelter treatment charges have been set at a 12-year high of $299.75 per tonne, according to Fastmarkets.

Delta Air Lines Inc and Air New Zealand Ltd said they would offer cargo charter services on passenger planes to boost revenue as the U.S. Senate neared a vote on a bill to give its carriers $58 billion in aid, including payroll support.

Singapore Airlines Ltd on Thursday went into a rare trading halt pending an announcement, days after it said it would ground almost its entire fleet and seek more financing as it grapples with the coronavirus pandemic.

JBS SA, the world's largest meat-packer, on Wednesday reported its quarterly net profit soared 332% over the prior-year period, thanks to a surge in sales to China, which increased food imports dramatically after an outbreak of African swine fever.

Delta Air Lines Inc and Air New Zealand Ltd said they would offer cargo charter services on passenger planes to boost revenue as the U.S. Senate neared a vote on a bill to give its carriers $58 billion in aid, including payroll support.

Argentine soy and corn farmers were harvesting on Wednesday but looked increasingly unlikely to rush their crops to market, even after the government moved to resolve coronavirus-related problems that have slowed delivery to the country's export hubs.

In trading on Wednesday, shares of Alamos Gold Inc (Symbol: AGI) crossed above their 200 day moving average of $6.00, changing hands as high as $6.01 per share. Alamos Gold Inc shares are currently trading up about 8.4% on the day. The chart below shows the one year perfor

Retailers Canada Goose Holdings Inc and Gap Inc said they would begin production of medical gear for healthcare workers and patients to aid the battle against the coronavirus pandemic.

Brazilian sugar mills were quick to start cane crushing in the new center-south season, processing 3 million tonnes in the first half of March, 88% more than in the same period a year earlier, cane industry group Unica said on Wednesday.

Venezuela has opened talks with China over possible financial support to cope with a sharp drop in oil prices and the arrival of the novel coronavirus, four sources familiar with the negotiations said.

In trading on Wednesday, shares of AngloGold Ashanti Ltd (Symbol: AU) crossed above their 200 day moving average of $19.64, changing hands as high as $21.34 per share. AngloGold Ashanti Ltd shares are currently trading up about 10.5% on the day. The chart below shows the one

A compromise $2 trillion economic rescue package that will be voted on by the U.S. Senate on Wednesday is set to give passenger airlines about $25 billion in grants, and up to another $8 billion for cargo carriers and airport contractors like caterers, three people briefed on the negotiations said.

Nike Inc shares rose 8% on Wednesday after the sportswear maker's impressive recovery in China sales offered hope that it was prepared to cope with the financial fallout of the coronavirus pandemic in other markets.

Britain is continuing talks with the aviation industry about how best to support the sector, Prime Minister Boris Johnson and a pilots' union said on Wednesday, reviving the prospect of a sector-specific support package that had seemed to be on hold.

This month has seen a spectacular oil price crash the likes of which we haven't seen in decades

Daily energy market commentary provided by Nasdaq Corporate Solutions Advisory Services' Energy Team.

The Trump administration has decided not to appeal a court ruling that would sharply reduce its use of waivers exempting refineries from the nation's biofuels regulation, cheering the corn lobby but drawing anger from oil refiners.

South Africa will likely harvest 31% more maize in 2020 after good weather condition and increased yields in the Free State, North West provinces, the government's Crop Estimates Committee (CEC) said on Wednesday.