Nasdaq Commodities

Chinese wheat importers have cancelled or postponed about one million metric tons of Australian wheat imports, trade sources with direct knowledge of the deals said, as growing world stockpiles drag down prices.

Shanghai copper prices rallied to a near three-year high on Thursday, buoyed by expectations of lower supply as Chinese producers agreed tp cut output, while London copper eased amid a firm U.S. dollar.

Norwegian aluminium maker Norsk Hydro said on Thursday it had appointed Eivind Kallevik as its new chief executive officer after Hilde Merete Aasheim decided to leave the company.

Norwegian aluminium producer Norsk Hydro NHY.OL said on Thursday it had appointed Eivind Kallevik as its new chief executive officer after Hilde Merete Aasheim decided to leave the company.

Major African cocoa plants in Ivory Coast and Ghana have stopped or cut processing because they cannot afford to buy beans, four trading sources said, meaning chocolate prices around the world are likely to soar.

Brazil's electricity producers have reduced their reliance on the country's mammoth system of hydro dams by sharply increasing output from solar and wind farms since 2018, data from energy think tank Ember shows.

German salt and potash miner K&S sees a further decline in core earnings for year ahead as due to lower potash price levels, it said on Thursday, after reporting a more than two-thirds fall in its core 2023 profit.

Indonesia's February trade surplus is expected to have widened slightly from the previous month as exports likely contracted at a slower pace, while imports rose ahead of the Muslim fasting month of Ramadan, a Reuters poll showed on Thursday.

Airline executives are frustrated with Boeing as its safety crisis has upended their business plans. But in a tight market for large aircraft supplied by two companies, they have little choice but do business with the U.S. planemaker.

Chinese wheat importers have cancelled or postponed imports of about 1 million metric tons of Australian wheat cargoes, which were scheduled to be shipped in February, March and April, two trade sources with direct knowledge of the deals said.

Police in the Indian capital put up barricades, stepped up security and warned of traffic congestion on Thursday as thousands of protesting farmers were due to arrive for a rally in support of their demand for higher crop prices.

Chicago wheat futures slid towards their lowest levels since 2020 on Thursday, as cheap Russian supply continued to exert pressure on prices and undermine the competitiveness of U.S. crops.

Chinese wheat importers have cancelled or postponed imports of about 1 million metric tons of Australian wheat cargoes, which were scheduled to be shipped in February, March and April, two trade sources with direct knowledge of the deals said.

Shanghai copper prices jumped more than 3% on Thursday to their highest in nearly three years after Chinese producers agreed to curb output to cope with lower supply of raw material.

Malaysian palm oil futures rose for a fourth consecutive session on Thursday, trading at highs last seen over a year ago, as stronger rival edible oils and crude oil prices underpinned the market.

Singapore Airlines is preparing to issue a 10-year dollar bond that could raise at least $300 million, according to three sources with direct knowledge of the matter.

China's top diplomat, Foreign Minister Wang Yi, will visit Australia next week, Prime Minister Anthony Albanese said on Thursday, a sign of a further thaw in relations after years of tensions.

Chicago wheat futures on Thursday slid towards their lowest levels since 2020 as supply of cheap Russian grain continued to push down prices and undermine the competitiveness of U.S. crops.

The acting head of Europe’s aviation regulator said on Wednesday the agency would halt its indirect approval of Boeing’s jet production if warranted, but he feels reassured that the planemaker is tackling its latest safety crisis.

The movement of a flight deck seat is a key focus of the probe into a sudden mid-air dive by a LATAM Airlines Boeing 787 plane that left more than 50 people injured, aviation industry publication the Air Current reported on Wednesday.