Nasdaq Commodities

Malaysian palm oil futures closed higher on Wednesday due to a bigger-than-expected fall in January inventories of the tropical oil in top producer Malaysia.

Raw sugar prices are expected to post an annual gain of nearly 20% in 2024 as the global market shifts into a deficit in the upcoming season, a Reuters poll of 12 traders and analysts showed.

India's state-owned National Fertilizers reported a nearly 73% year-on-year fall in third-quarter profit on Wednesday, hurt by dwindling demand.

Chicago soybean and corn futures eased on Wednesday to three-year lows while wheat fell sharply as a strengthening dollar fuelled export concerns for U.S. crops that face stiff competition from ample global supplies.

Farm office FranceAgriMer on Wednesday again raised its forecast for French soft wheat stocks at the end of the 2023/24 season, as it cut expected exports to other European Union countries.

If the U.S. economy is still so strong that robust demand won't allow inflation to return to the Federal Reserve's 2% target, there's an outside chance the central bank may struggle to cut interest rates at all this year.

Copper prices drifted lower on Wednesday as speculators stepped up selling on the back of U.S. inflation data that fuelled concerns that cuts to high interest rates would be delayed.

Farm office FranceAgriMer on Wednesday increased its forecast of French soft wheat stocks at the end of the 2023/24 season to 3.50 million tons compared with 3.44 million forecast last month, now showing a 37% increase from last season.

Ghana's Finance Minister Ken Ofori-Atta has been relieved of his duties by the president and will be replaced by Mohammed Amin Adam as part of a cabinet reshuffle, the government said in a statement on Wednesday.

Ministers from across the globe are convening for a World Trade Organization meeting in Abu Dhabi between Feb 26.-29 to try to broker deals, including on reforming its hobbled dispute system and cutting fishing subsidies.

Ukraine has exported almost 2.4 million metric tons of grain so far this month, slightly lower than the 2.7 million tons exported over the same period in 2023, agriculture ministry data showed on Wednesday.

Finland's national carrier Finnair on Wednesday reported its sixth straight quarter of positive operating earnings, and guided for a more than 10% capacity increase in the current year.

Finland's national carrier Finnair on Wednesday reported annual earnings in line with market expectations, aided by the airline's cost efficiency measures and sales activities.

Malaysian palm oil futures edged up on Wednesday, extending gains from the previous session, as a bigger-than-expected fall in January inventories of the tropical oil in top producer Malaysia lent support.

Chicago soybean futures fell to a three-year low on Wednesday due to plentiful supply and a strengthening U.S. dollar that made U.S. agricultural products less attractive to importers.

Norwegian aluminium-maker Hydro on Wednesday posted weaker-than-expected core profits for the final quarter of 2023 and cut its annual dividend in line with forecasts as earnings fell.

Prices of most non-ferrous metals eased on Wednesday, weighed down by a stronger dollar after hotter-than-expected U.S. inflation data dampened expectations for early interest rate cuts from the Federal Reserve.

Protesting farmers who were attempting to reach the capital New Delhi clashed with security forces for a second day on Wednesday, with drones being used to drop tear gas shells, television visuals showed.

Malaysian palm oil futures opened higher on Wednesday, extending gains from the previous session as a bigger-than-expected fall in January inventories supported the market.

Indian police fired teargas on Tuesday to scatter hundreds of farmers and supporters on a protest march to the capital New Delhi to demand better prices for their produce.