Nasdaq Commodities

Saudi Arabian investment fund Manara Minerals is planning to set up a metals trading arm to support its interests in mining companies overseas, its acting chief executive said on Thursday.

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

El Nino is expected to continue for the next several seasons, with a 73% chance of a transition to ENSO-neutral favored during April-June 2024, a U.S. government weather forecaster said on Thursday.

Brazil's center-south sugar production rose 35.6% in the second half of December when compared with a year earlier, totaling about 236,000 metric tons, data from industry group UNICA showed on Thursday.

The International Grains Council (IGC) on Thursday raised its forecast for 2023/24 global corn production, mainly driven by an upward revision for China.

Algeria’s state grains agency OAIC is believed to have purchased around 250,000 to 350,000 metric tons durum wheat in a tender which closed on Wednesday, European traders said on Thursday.

Robusta coffee futures on ICE steadied on Thursday near their highest in at least 16 years as farmers in top producer Vietnam held back supply and shipping disruptions continued in the Red Sea, a key export route for beans from Asia to Europe.

Chicago soybean futures regained some ground on Thursday but remained near their lowest since December 2021 amid lacklustre demand for U.S. exports and an improved South American supply outlook.

Copper prices rebounded on Thursday from eight consecutive days of losses, buoyed by a softer dollar ahead of key inflation data that could influence the timing of expected cuts to U.S. interest rates.

Argentine retiree Susana Barrio says she no longer invites her friends over for the traditional asado barbecue, long a key part of social life in the South American farming nation. Fast-rising meat and vegetable prices have made the meals hard to afford.

Malaysian palm oil futures closed up on Thursday for a sixth straight session, with gains in rival oils supporting the market.

Wizz Air on Thursday lost its fight against 36.66 million euros ($40.2 million) of rescue aid granted by Romania to airline TAROM four years ago, after Europe's top court backed EU regulators' decision to approve the aid.

India is considering import duty cuts on components key to producing high-end mobile phones, two government officials said, which would potentially be a boost for companies like Apple and the country's exports.

Europe's largest sugar producer Suedzucker on Thursday reported a 21% jump in its third-quarter operating profit, helped by a strong sugar market, while maintaining its full-year outlook.

Japan's Ministry of Agriculture, Forestry and Fisheries (MAFF) bought a total of 89,260 metric tons of food-quality wheat from the United States and Canada in a regular tender that closed on Thursday.

The premium for aluminium shipments to Japanese buyers in January to March was set at $90 per metric ton, down 7% from the previous quarter, as demand remained sluggish, six sources directly involved in pricing talks said.

Europe's largest sugar producer Suedzucker on Thursday reported a 21% rise in quarterly earnings and was upbeat for its full year as a strong sugar market continues.

Malaysian palm oil futures traded higher on Thursday for a sixth straight session, with gains in rival oils supporting the market.

Chicago soybean futures regained some ground on Thursday but remained near their lowest levels since December 2021 amid lacklustre demand for U.S. exports and an improved supply outlook from South America.

Prices of non-ferrous metals largely rose on Thursday, as a softer dollar and China's move to support the yuan boosted the purchasing power of buyers in the world's top metals consumer.