Nasdaq Commodities

Chicago wheat futures slid on Tuesday, with the market facing pressure from leading importer China cancelling more U.S. cargoes amid plentiful world supplies.

The administration of U.S. President Joe Biden on Monday finalized a rule requiring meat, poultry, or eggs labeled as a U.S. product to come from animals born, raised, slaughtered, and processed in the country.

New Zealand's Transport Accident Investigation Commission said on Tuesday it was seizing the cockpit voice recorder and flight data recorder of a LATAM Airlines Boeing 787 after an incident that left more than 50 people injured.

Chicago wheat futures slid on Tuesday, with the market facing pressure from slowing demand for U.S. cargoes amid stiff competition from suppliers in the Black Sea region.

Australia's Alumina Limited said on Tuesday it has agreed to be acquired by U.S. aluminium producer Alcoa for a $2.2 billion all-stock buyout offer.

Air New Zealand said on Tuesday it plans to pause its Auckland to Chicago non-stop service from March 31 to Oct. 25 this year due to ongoing challenges with the availability of serviceable Rolls-Royce Trent 1000 engines.

Biofuel refiner Jet Zero Australia said on Tuesday it had received new funding commitments of A$29 million ($19.2 million) from Idemitsu, Qantas and Airbus for its flagship Sustainable Aviation Fuel (SAF) project.

Sales of the 2023/24 soybean harvest in Brazil reached 36.6% of projected production, behind the historical average for the period but slightly ahead of last year at this time, according to agribusiness consultancy Safras & Mercado on Monday.

Ukraine, particularly in the last few months, has been exporting much more grain than anyone expected despite more than two years of war with neighboring Russia.

Speaking at this year's Prospectors & Developers Association of Canada (PDAC) convention, Jeffrey Christian, managing partner at CPM Group, shared his outlook for gold and silver prices moving forward. "We're looking for record gold prices (in 2024) ... we're looking for a significant, in our mind, increase in gold prices," he said. "We're looking at an average price of maybe US$2,050 (per ounce), up from US$1,950 last year." Christian sees more of a move happening in the third and fourth quarters as worries increase among investors."We think the first half of this year could be stringent for investment demand for gold and silver, continuing what we saw in 2022 and 2023," he explained to the Investing News Network on the sidelines of the show. "But by the third quarter and fourth quarter, there may be a radical shift in the political environment, political expectations and concerns, and that could be having a much more visible negative effect on the economy and thus the financial markets."In terms of silver, Christian said CPM Group thinks US$20 to US$22 per ounce will be its low range for the year, while US$27 or US$28 will be its high point. As with gold, the firm expects the silver price to pick up toward the end of 2024. All in all, he sees 2024 as "another year of living dangerously" — a phrase CPM Group last used to describe 2008. "We look at 2024, 2025 as a similar period of uncertainty," he noted. "I think one of the big parallels is you're looking at a year in 2024 where politics will be much more important in investors deciding whether to buy or sell gold and silver." Watch the interview above for more of Christian's thoughts on gold, silver and their drivers. You can also click here for the Investing News Network's full PDAC playlist on YouTube.Don't forget to follow us @INN_Resource for real-time updates!Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.

Tyson Foods will permanently close a pork plant in Perry, Iowa, the meatpacker said on Monday, eliminating jobs for about 1,200 workers.

FXEmpire.com - Natural gas further tests support around the 20-Day MA (purple) on Monday with a slightly new retracement low of 1.75. It is on track to complete an outside day today as earlier in the session last Friday’s high was exceeded briefly to the upside. The 50% retraceme

U.S. Transportation Secretary Pete Buttigieg said on Monday he expected Boeing to cooperate in investigations by the Justice Department and National Transportation Safety Board into the Alaska Airlines 737 MAX 9 mid-air emergency on Jan. 5.

Chicago Board of Trade (CBOT) soybean futures drifted lower on Monday, amid ongoing pressure from a hefty global supply and signs of investors hunting for profits, traders said.

Tyson Foods said on Monday it will permanently close a pork plant in Perry, Iowa.

Brazil's green coffee exports rose 57.5% in February compared to a year earlier, industry group Cecafe said on Monday.

Alberta's ban on some renewable projects could hurt C$11.1 billion ($8.24 billion) in investments and stall up to 6.3 gigawatts (GW) of solar and wind power capacity, a study said on Monday.

New York cocoa prices on ICE gained more than 5% on Monday to record highs as the market remains underpinned by an outlook of limited supplies.

FXEmpire.com - Natural Gas Natural Gas 110324 Daily Chart Natural gas is losing ground as traders focus on bearish weather forecasts. Demand is expected to stay low in the upcoming days.

FXEmpire.com - Gold Gold 110324 Daily Chart Gold continues its attempts to settle above the $2200 level as market sentiment stays bullish.