Nasdaq Commodities

Indonesia filed a complaint at the World Trade Organization against the European Union for its import duties on fatty acids, the global trade watchdog said on Monday.

Shares in Italian luxury shoemaker Tod's jumped on Monday and those of oil refiner Saras fell after the two received buyout offers over the weekend, with both preparing to join peers that have left the Milan bourse.

Daily energy market commentary provided by Nasdaq Corporate Solutions Advisory Services' Energy Team.

Commodity trader Trafigura has delivered large amounts of zinc to London Metal Exchange warehouses in Singapore under lucrative rent-sharing deals, three sources familiar with the matter said, pushing stocks there back towards November's 20-year peak.

Russian wheat export prices fell again last week, but have not yet reached levels, considered to be competitive with other grades from Europe, analysts said.

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Citi said on Monday it sees cocoa prices scaling a historic $6,100-$6,300 per metric ton over the next month or two and warned demand for the chocolate ingredient needs to contract sharply to avoid even higher prices.

Brazil's 2023/24 second-corn production projection was raised by nearly 5 million metric tons to 91.2 million tons from 86.3 million tons, agribusiness consultancy AgRural said on Monday, citing evidence of farmers planting an area larger than initially estimated.

Raw sugar futures on ICE were lower on Monday, dragged down by weakness in energy markets, while coffee prices also fell.

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The share of available aluminium stocks of Russian origin in warehouses approved by the London Metal Exchange (LME) remained steady at 90% in January, LME data showed on Monday.

Chicago soybeans and corn rose on Monday on bargain buying after last week’s falls to three-year lows.

Brazil's 2023/24 second-corn production projection was raised by nearly 5 million metric tons to 91.2 million tons from 86.3 million tons, agribusiness consultancy AgRural said on Monday, citing evidence of farmers planting an area larger than initially estimated.

Poland plans to start quality checks on all grain shipments from Ukraine, Deputy Agriculture Minister Michal Kolodziejczak said on Monday as Polish farmers continued nationwide protests against EU policies, including allowing cheap grain imports from Ukraine.

Qantas Airways on Monday said it will work to put together a contingency plan for Friday after the Australian Federation of Air Pilots (AFAP) advised of a fresh three-day strike action this week by Network Aviation pilots.

Copper prices held steady on Monday in low volumes due to the Chinese Lunar New Year holiday as the market waited for U.S. inflation data which could indicate when the Federal Reserve might cut interest rates.

Shares in Italian luxury shoemaker Tod's jumped on Monday and those of oil refiner Saras slumped after the two received buyout offers over the weekend, with both preparing to join peers that have left the Milan bourse.

Chicago soybeans and corn futures rose on Monday but remained near three-year lows as demand in top importer China fell and speculators bet on further price declines.

Copper prices dropped slightly on Monday on reduced demand from China, the top consumer, which was closed for the Lunar New Year holiday, dampening trade.

Copper prices were marginally higher on Monday, tracking a slightly weaker U.S. dollar, although trade volumes were expected to be dampened as markets in top metals consumer China were closed for the Lunar New Year holiday.