Nasdaq Commodities

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SQM, the world's second-largest lithium producer, said on Thursday it is building its lithium inventories as it continues to produce at maximum capacity, even as falling prices more than halved its quarterly profit.

Chile's SQM, the world's second-largest lithium producer, said on Thursday it is building its lithium inventories as it continues to produce at maximum capacity, even as falling prices more than halved its quarterly profit.

A group of small Brazilian companies announced on Thursday a scheme to certify Amazonian cattle processed for meat and leather have been reared without causing deforestation.

Arabica coffee futures on ICE turned lower on Thursday after touching the highest level in nearly five months as the market focused on the extent to which a heatwave in Brazil could dent the outlook for next year's crop.

Zimbabwe’s horticultural sector, ravaged by violent land seizures 20 years ago, is recovering thanks to increased investment and is targeting $1 billion in exports by 2030, an industry body said on Thursday.

The International Grains Council (IGC) on Thursday raised its forecast for 2023/24 global corn production by 4 million metric tons to 1.223 billion tons, buoyed by an improving outlook for the United States.

Weekly U.S. soybean export sales last week of more than 3.9 million metric tons marked the highest combined crop year sales total since 2012, after a surge in Chinese buying, U.S. Department of Agriculture (USDA) data on Thursday showed.

On Sunday, Audrey Panitch Levin was at home in Philadelphia. On Wednesday, she was picking sweet potatoes in central Israel, part of an army of volunteers who have rushed to the nation's farms that are struggling with an acute labour shortage following Hamas' Oct. 7 cross-border attack.

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

Nigeria's cocoa harvest is forecast to fall by 4.4% to 296,000 metric tons this year as ageing trees and a lack of access to adequate pesticides lowers yields, commodities exchange AFEX said in a report on Thursday.

The International Grains Council (IGC) on Thursday raised its forecast for 2023/24 global corn production by 4 million metric tons to 1.223 billion tons.

Chicago soybean futures eased on Thursday as forecasts of rain relief for crops in top exporter Brazil helped cool supply concerns that pushed prices to a 2-1/2-month top this week.

Arabica coffee futures on ICE turned lower on Thursday after touching the highest level in nearly five months as the market focused on the extent to which a heatwave in Brazil could dent the outlook for next year's crop.

Ukraine has sharply reduced its exports of farm goods to Asian and African countries so far in 2023 due to blocked seaports in the Black Sea, which has traditionally been the main export route, agricultural business association UCAB said on Thursday.

Macy's on Thursday reported an improvement in margins and a lower-than-expected drop in quarterly sales, sending its shares 10% higher in premarket trading.

A total of 262,750 metric tons of white sugar has been tendered against the December contract on ICE Futures Europe, exchange data showed on Thursday.

Macy's beat analysts' estimates for quarterly sales on Thursday, helped by healthy inventory that cushioned a declining consumer spending.

Japan's Sumitomo Metal Mining is considering producing cathode battery materials in the United States among other options as it looks to expand output to meet demand from electric vehicles, an executive said on Thursday.

Excessive rainfall during winter grain sowings in France and to a lesser extent Germany will lead to a fall in the European Union's total soft wheat area for next year's harvest, hurt yields and support prices, consultancy Strategie Grains said.