Nasdaq Commodities

Several cargoes of French wheat that had been due to load for China in December have been postponed to March, dampening hopes of an imminent upturn in exports and helping push prices to two-year lows, European traders said on Monday.

Above-average rain and some sun in most of Ivory Coast’s main cocoa regions last week could boost the October-to-March main-crop, farmers said on Monday.

In trading on Monday, shares of Royal Gold Inc (Symbol: RGLD) crossed above their 200 day moving average of $118.68, changing hands as high as $119.50 per share. Royal Gold Inc shares are currently trading up about 1.3% on the day. The chart below shows the one year performan

The United States needs to make quotas for imported EU steel far less rigid, assuming they are extended beyond the end of this year, European Commission Vice President Valdis Dombrovskis said on Monday.

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

Egypt's supply minister has said he will ask the cabinet to introduce price controls for sugar early next month if soaring prices of the commodity do not stabilise.

Brazil's center-south sugar production rose 31% in the first half of November when compared with a year earlier, totaling 2.19 million metric tons, data from industry group UNICA showed on Monday.

Raw sugar futures traded on the ICE exchange at their lowest in nearly a month on Monday as soaring output from Brazil tempered some supply concerns, while cocoa continued to consolidate its recent run to record highs.

Egyptian state buyer GASC is believed to have purchased around 50,000 metric tons of white sugar in an international tender which closed on Saturday, traders said on Monday.

Export prices for Russian wheat rose last week, helped by a continuing drop in shipments owing to stormy weather in ports, analysts said.

China's Commerce Minister Wang Wentao on Monday pledged to further open the Chinese market to Vietnamese agricultural products, Vietnam's Ministry of Industry and Trade said, as the two countries seek to deepen trade ties.

Britain said on Monday it had detected a first human case of flu strain A(H1N2)v, which is similar to a virus currently circulating in pigs, and that the individual concerned had experienced a mild illness and fully recovered.

Syria's delegation to the United Nations climate summit in Dubai will be headed by its prime minister, a delegate said, without specifying whether President Bashar al-Assad would eventually pay a visit to the COP28 gathering.

Chicago soybeans rose from their lowest in around three weeks on Monday as dealers waited to see how much urgently needed rain would fall in Brazilian crop areas after leading consultants cut harvest forecasts.

Brazil's 2023/24 soybean planting had reached 74% of the expected area as of Thursday, agribusiness consultancy AgRural said on Monday, making it the slowest progress for the period in eight years as the country grapples with bad weather.

Environmental groups on Monday criticised Indonesian palm oil producer Astra Agro Lestari (AAL) over a third-party report investigating complaints against its subsidiaries' alleged abuses, saying it failed to investigate key issues.

More than 2,000 flight attendants at Air Transat voted to authorize a strike mandate, the Canadian Union of Public Employees (CUPE) said in a statement on Monday.

Copper prices slipped on Monday as worries about demand resurfaced after weak data from China, though a softer dollar provided some support.

A government agency in Pakistan has issued an international tender to purchase and import 110,000 metric tons of wheat, European traders said on Monday.

The lowest price offered in an international tender from Egypt's GASC to buy about 50,000 metric tons of raw sugar was believed to be $690 a ton CIF free out, traders said in initial assessments on Monday.