Nasdaq Commodities

France has raised its official estimate of this year's maize harvest for the third month in a row, saying summer rain helped non-irrigated farms to recover from last year's drought.

Australia's Mineral Resources said on Tuesday that it has bought additional shares in lithium miner Azure Minerals, raising its stake to 13.56% from 12.23% previously.

France's farm ministry on Tuesday raised its estimate of the country's 2023 production of grain maize, excluding crop grown for seeds, to 12.20 million metric tons from 11.78 million projected in October.

Malaysia is confident exports of its palm oil and related products to China will increase further this year, Bernama state news agency reported on Tuesday, citing the plantations and commodities minister.

Japan's Ministry of Agriculture, Forestry and Fisheries (MAFF) is looking to buy a total of 104,677 metric tons of food-quality wheat from the United States, Canada and Australia in a regular tender that will close on Thursday.

Kalyan Jewellers India reported a 27.1% rise in its second-quarter profit on Tuesday, helped by rising domestic demand for its ready-to-wear jewellery line and increased traffic at stores ahead of the festive season.

Barry Callebaut has appointed former IKEA executive Amr Arafa as chief digital officer, the chocolate maker said on Tuesday.

Emirates Airline President Tim Clark said on Tuesday he was growing more confident in the development and certification schedule of the Boeing 777-9 and that he expected the 777X to receive Type Inspection Authorization (TIA) from the U.S. Federal Aviation Administration around February 2024.

Malaysian palm oil futures rose more than 2% on Tuesday as trading resumed after a long holiday weekend, with gains in rival Dalian and Chicago soyoil prices and a weaker ringgit supporting the market.

Emirates Airline President Tim Clark on Tuesday ruled out an immediate deal to buy Airbus A350 jets barring a breakthrough on engine talks with Rolls-Royce.

EgyptAir is close to announcing a deal to buy around 10 Airbus A350s, according to sources familiar with the matter.

Chicago soybean futures dipped on Tuesday after large U.S. bean sales to China and fears that hot and dry conditions in top producer Brazil may be damaging crops pushed prices to their highest since August in the previous session.

Thailand's cabinet has approved a 10% or 2 baht ($0.05) increase in domestic sugar prices, Commerce Minister Phumtham Wechayachai told reporters on Tuesday.

Copper prices fell slightly on Tuesday on a firmer U.S. dollar, with the market focussed on key inflation data out of the United States that could offer clarity on whether the Federal Reserve is likely to raise interest rates further to tame inflation.

Indonesia's trade surplus is seen to narrow slightly in October to $3 billion from the previous month, as exports are still expected to weaken, a Reuters poll showed on Tuesday.

Malaysian palm oil futures rose on Tuesday, supported by gains in rival Dalian and Chicago soyoil prices, and a weaker ringgit.

Copper prices fell slightly on Tuesday on a firmer U.S. dollar, with the market focussed on key inflation data out of the United States that could offer clarity on whether the Federal Reserve is likely to raise interest rates further to tame inflation.

Chicago soybean futures dipped on Tuesday after large U.S. bean sales to China and fears that a heat wave in top producer Brazil may be damaging crops pushed prices to their highest since August in the previous session.

Unusually hot and dry weather has gripped top soybean exporter Brazil as it plants what is supposed to be a record crop, causing concern for both soybean and corn supplies as soybean problems could bleed onto Brazil’s heavily exported second corn crop next year.

The U.S. Department of Agriculture (USDA) on Monday rated 47% of the U.S. winter wheat crop in good-to-excellent condition, down three percentage points from the previous week but still the highest for this time of year since 2019.