Nasdaq Commodities

Nutrien, the world's biggest fertilizer producer, reported a fall in fourth-quarter profit on Wednesday, hit by lower potash prices.

U.S. corn futures fell to three-year lows on Wednesday, nearing $4 a bushel as ample domestic grain supplies and strong South American crop prospects weighed on sentiment, analysts said.

A cargo ship abandoned four days ago in the Gulf of Aden after it was hit by missiles fired by Yemen's Houthis is still floating despite taking in water, and could be towed to nearby Djibouti, industry sources said on Wednesday.

Australia's flag carrier Qantas Airways Ltd on Thursday posted a 12.8% fall in first-half profit and announced an additional on-market buyback of up to A$400 million.

Argentina's Rosario grains exchange cut its estimates for the country's 2023/24 soybean and corn harvests on Wednesday to 49.5 million and 57 million metric tons, respectively, due to a heat wave in late January and early this month.

Australia's flag carrier Qantas Airways Ltd on Thursday posted an 12.8% fall in first-half profit and announced an additional on-market buy-back of up to A$400 million.

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London and New York cocoa futures on ICE jumped to fresh record highs on Wednesday, supported by tight supplies following poor crops in Ghana and Ivory Coast this season.

Air New Zealand reported a 38% drop in its half-yearly profit on Thursday, hurt by inflationary pressures and ongoing supply-chain issues, primarily the Pratt & Whitney engine maintenance requirements for the company's A321neo fleet.

Benchmark Chicago Board of Trade corn futures fell nearly 2% on Wednesday, inching closer to the $4-per-bushel mark as plentiful domestic grain supplies and strong South American crop prospects weighed on sentiment, traders said.

Air New Zealand reported a 38% drop in its half-yearly profit on Thursday, impacted by inflationary pressures and ongoing supply chain issues, primarily the Pratt & Whitney engine maintenance requirements on the company's A321neo fleet.

Brazil health auditors who oversee meat plants will continue to delay the issuance of international health certificates pending talks with the government next week as they protest work conditions, an association representing the auditors said on Wednesday.

U.S. corn futures fell to three-year lows on Wednesday, inching closer to the $4-per-bushel mark as ample domestic grain supplies and strong South American crop prospects weighed on sentiment, analysts said.

The head of Boeing's troubled 737 MAX program, Ed Clark, has left the planemaker, according to a memo seen by Reuters, amid intense scrutiny around its production and safety measures following a Jan. 5 mid-air panel blowout.

Expected rainfall over the next few days in Argentina's Pampas region will likely boost the 2023/24 soybean and corn crops, though the precipitation is seen falling largely in the north of the country's main farmland, according to a report on Wednesday.

Jordan's state grain buyer has issued an international tender to buy up to 120,000 metric tons of milling wheat which can be sourced from optional origins, European traders said on Wednesday.

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India will raise the floor price that mills must pay for sugar cane in the 2024/25 season by 8% from Oct. 1, as the world's second-largest sugar producer tries to boost output and please farmers ahead of a general election later this year.

Diesel livestreamed its preparations for Milan Fashion Week and highlighted its online audience at its runway show on Wednesday while a protester stormed the Fendi catwalk on the second day of the city's leg of the autumn/winter 2024 catwalk calendar.

Cashew nut processors in Ivory Coast have asked the government to renew a subsidy deal, warning of bankruptcy if support for the struggling sector is not forthcoming, as data on Wednesday showed just 22% of output was processed locally in 2023.