Nasdaq Commodities

FXEmpire.com -

The U.S. Department of Agriculture’s supply and demand report on Thursday threw a wet blanket on U.S. grain and oilseed markets, though there could be potential demand developments in store for both U.S. corn and soybeans.

Chicago soybean futures edged lower on Friday to add to a day-earlier slide as increased supply projections from the U.S. government continued to weigh on the oilseed market.

The share of available aluminium stocks of Russian origin in London Metal Exchange-approved (LME) warehouses rose to 79.5% in October from 76% in September, data on the exchange's website showed on Friday.

Black Friday? No. Cyber Monday? Nope. Prime Day? Absolutely not. The world's biggest shopping event happens in China each year - and it's called Singles Day.

Copper and aluminium prices fell to a two-week low in London on Friday as hawkish comments from U.S. Federal Reserve Chair Jerome Powell dashed expectations of a peak in interest rates and as exchange stocks rose.

The United States is importing record amounts of beef this year and exporting less after ranchers slashed the nation's cattle herd to its lowest level in decades, tightening margins for meat companies like Tyson Foods.

India's Hindalco Industries, one of the country's largest aluminium and copper producers, reported a smaller-than-expected quarterly profit on Friday, hurt by lacklustre aluminium prices and demand.

Malaysian palm oil futures rose on Friday, as traders reacted to strong export data and signs of robust demand for the vegetable oil.

France's farm ministry on Friday raised its estimate for this year's wine production, confirming that it will regain the top spot among world producers although some major producing regions including Bordeaux have been hit by disease.

Freight costs for ships using Ukraine's alternative export corridor have risen following an attack on a cargo vessel in the Black Sea off Odesa, brokers said on Friday.

France's farm ministry on Friday raised its estimate for this year's wine production to 47.2 million hectolitres from 46 million estimated last month and now 2% above last year's volume.

India's Hindalco Industries, one of the country's largest aluminium and copper producers, reported on Friday a smaller-than-expected quarterly profit, dented by lacklustre aluminium prices and demand.

French grain sowings further slowed last week and are now running well behind last year, farm office FranceAgriMer said on Friday, confirming that heavy rainfall in the past weeks had delayed fieldwork in the European Union's largest grain grower.

French farmers had sown 67% of the expected soft wheat area for next year's harvest by Nov. 6, compared with a revised estimate of 61% a week earlier, farm office FranceAgriMer said on Friday.

Fashion retailer TFG reported a 15.3% fall in half-year earnings affected by increased levels of power cuts, higher interest rates and inflation but said retail turnover growth in the second half is expected to be higher than last year.

Anglo American is seeking partners in the Middle East and Africa to do supply and distribution deals for fertiliser from its multi-billion-dollar mining project in northeast England, a senior executive said.

Prices of nonferrous metals fell on Friday after hawkish comments by U.S. Federal Reserve officials signalled further rate hikes could be required to fight inflation.

Richemont reported weaker-than-expected earnings on Friday as the Cartier jewellery owner became the latest luxury company to highlight increased caution by big-spending customers.

Malaysian palm oil futures rose on Friday, as traders reacted to data showing signs an increase in demand.