Nasdaq Commodities

Chicago Mercantile Exchange hog and cattle futures closed at their highest levels since November on Friday as short covering lifted the livestock markets, traders said.

U.S. soybean futures finished higher in the nearby contract and lower in deferred months on Friday as traders waited to see whether beneficial rains will arrive in dry areas of Brazil as expected.

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Brazilian railway and port terminal operator VLI is bracing for a challenging 2024 given the expectation of smaller corn and soybean harvests in the north of Brazil, a key region for the company's shipping operations, a director said.

Large speculators trimmed their net short position in Chicago Board of Trade corn futures in the week to Dec. 12, regulatory data released on Friday showed.

The number of U.S. farm acres owned by foreign entities grew more than 8% in 2022, though the 43.4 million acres of foreign-owned forest and farm land is just 3.4% of the country's agricultural land, said a government report on Friday.

Robusta coffee futures on ICE hit their highest price in at least 15 years on Friday, posting a 12% weekly gain, amid weather worries and as farmers in top producing regions refrain from selling in the hope their beans will fetch higher prices later.

Cooabriel, Brazil's largest robusta coffee co-op, said on Friday that above average temperatures and drier-than-normal weather in the main growing areas in Espirito Santo state will likely have a negative impact on production.

Indigenous protesters on Friday tried to prevent a public hearing on the construction of a railway that is planned to run through their lands to carry grains to a northern port in the Amazon.

India has decided to allow sugar mills to divert up to 1.7 million metric tons of sugar for ethanol production, government and industry officials said on Friday, as New Delhi aims to reduce disruptions in its ambitious biofuel program.

Russia's government has renewed a quota for imports of beef and chicken meat with lower tariffs from Brazil effective Jan. 1, the South American country's agriculture ministry said on Friday.

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Lufthansa will resume flights to Tel Aviv starting Jan. 8, the airline said on Friday, making it the one of the first major international carriers to announce a resumption in service cancelled in October following Hamas attacks.

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Chicago Board of Trade soybean futures sagged on Friday but were poised for their first weekly gain in 1-1/2 months, underpinned by solid demand for U.S. supplies and concerns that dry weather will reduce yields in top-exporter Brazil.

Brazilian airline Azul said on Friday it has purchased seven A330neo wide-body aircraft from Airbus in order to "significantly expand" its international services, with deliveries scheduled to start in 2026.

Abu Dhabi National Oil Co (ADNOC) has agreed to buy European chemical producer OCI's entire stake in Fertiglobe for $3.62 billion, with the deal expected to close in 2024, ADNOC and OCI said in a joint statement on Friday.

The Biden administration said on Friday it will recognize a methodology favored by the ethanol industry in guidance to companies looking to claim tax credits for sustainable aviation fuel (SAF), a pivotal win for the politically powerful U.S. corn lobby.

Following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade (CBOT) at 8:30 a.m. CST (1430 GMT) on Friday.

During Paris Fashion Week, pop icon Cher, Swedish singer Robyn and South Korean DJ Peggy Gou performed at Silencio nightclub to a crowd of actors and models including Jared Leto, Elle Fanning and Irina Shayk.