Nasdaq Commodities

Raw sugar futures on ICE turned lower on Tuesday after climbing to a 12-year peak while New York cocoa rose to its highest level in almost 45 years.

Weather forecasts for November do not show a significant change in overall conditions, with scattered rains in central-north areas and downpours in the south likely compromising Brazil's 2024 soy yields and output, analysts say.

International milk prices fell while volumes dropped in this month’s first Global Dairy Trade auction held by GDT Events. The GDT Price Index dipped 0.7%, with an average selling price of $3,255 per metric ton, in the auction held on Tuesday.

European Union (EU) energy ministers last month struck a deal to reform the bloc's power market.

World wine production is expected to fall to its lowest level in 60 years in 2023 due to poor harvests in the Southern Hemisphere and in some major European producers, the International Organisation of Vine and Wine (OIV) said on Tuesday.

Indian tyre maker Apollo Tyres Ltd. reported a better-than-expected second-quarter profit on Tuesday, boosted by higher auto sales and lower input costs.

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

World wine production is expected to fall to its lowest level in 60 years in 2023 due to poor harvests in the Southern Hemisphere and in some major European producers, the International Organisation of Vine and Wine (OIV) said on Tuesday.

Ghana's Cocobod has borrowed between $150 million and $200 million from cocoa traders to purchase beans since the 2023/24 season opened early in September, the regulator's public affairs manager Fiifi Boafo said on Tuesday.

Copper prices retreated from one-month highs on Tuesday under pressure from a stronger dollar and Chinese trade data suggesting that economic recovery in the world's biggest consumer remains uneven.

European astronomers on Tuesday released the first images from the newly launched Euclid space telescope, designed to unlock the secrets of dark matter and dark energy - hidden forces thought to make up 95% of the universe.

Copper prices retreated from one-month highs on Tuesday under pressure from a stronger dollar and Chinese trade data suggesting that economic recovery in the world's biggest consumer remains uneven.

U.S. wheat shipments typically weaken at this time of year as soybean exports take the stage, but last week’s decline was unprecedented, reflecting the United States’ shrinking share of world wheat trade.

Chicago wheat futures slid for the first time in five sessions on Tuesday, with the improved condition of the U.S. winter crop boosting the 2024 global supply outlook and adding pressure on prices.

Bangladesh will raise the minimum wage for garment workers by 56.25%, the first hike since 2019, the junior labour minister said on Tuesday after a week of protests calling for higher salaries.

Russian wheat export prices nudged a little higher last week, supported by slower exports from the Black Sea, in a calm market, analysts said.

Eight trading companies are believed to be taking part so far in the international tender from Jordan’s state grains buyer to purchase 120,000 metric tons of wheat which closed on Tuesday, traders said in initial assessments.

Raw sugar futures on ICE rose to a 12-year high on Tuesday boosted by supply tightness expected to continue into next year as an El Nino weather event curtails production in major Asian producers India and Thailand.

Malaysian palm oil futures closed lower on Tuesday for the third consecutive session, as prospects of higher supplies weighed on prices, although a weak ringgit limited losses.

India's Arvind Fashions reported a 18.9% rise in the second-quarter profit on Tuesday, aided by healthy sales of clothing and footwear and as power brands helped it maintain wider margins.