Nasdaq Commodities

Copper prices edged higher on Thursday on hopes that the U.S. Federal Reserve have stopped hiking rates, which pushed the dollar lower.

Malaysian palm oil futures recorded their best day in three weeks on Thursday after top-producer Indonesia confirmed the extension of export controls, though a plunge in India's edible oil imports capped gains.

India's edible oil imports in October plunged to their lowest level in 16 months as higher stocks prompted refiners to curtail purchases of palm oil, soyoil and sunflower oil, six dealers told Reuters.

Dozens of U.S. agriculture industry representatives gathered in Beijing on Thursday to meet Chinese counterparts amid growing U.S. efforts to bolster farm trade even as political ties between their two countries remain strained.

Turkey said on Thursday it had captured Hakan Ayik, a top fugitive wanted in Australia for drug smuggling, and 36 others involved in an international organised crime ring that has also been pursued by U.S. and New Zealand authorities.

Indonesia President Joko Widodo on Thursday said the government will push for the development of a domestic seaweed processing industry, including for the production of fuel.

South Korean feedmaker Nonghyup Feed Inc (NOFI) has issued an international tender to purchase up to 138,000 metric tons of animal feed corn to be sourced from optional origins, European traders said on Thursday.

German fashion house Hugo Boss reported third-quarter sales and operating profit in line with market expectations on Thursday, citing continued brand momentum across its regions and channels.

Europe's biggest online fashion retailer Zalando sees continued pressure on demand for the rest of the year and now expects 2023 sales to decline, the company said on Wednesday as it reported weaker than expected third-quarter revenue.

German fashion house Hugo Boss reported third-quarter sales in line with market expectations on Thursday, citing continued brand momentum across its regions and channels.

Lufthansa on Thursday reported quarterly profits slightly above analysts' consensus on the back of robust travel demand this summer and said bookings remained strong ahead of the busy Christmas holiday season.

Leading South Korean feedmaker Nonghyup Feed Inc. (NOFI) has issued an international tender to purchase up to 138,000 metric tons of animal feed corn to be sourced from optional origins, European traders said on Thursday.

Europe's biggest online fashion retailer Zalando sees continued pressure on demand for the rest of the year and now expects 2023 sales to decline, the company said on Wednesday as it reported weaker than expected third-quarter revenue.

Malaysian palm oil futures posted their sharpest increase in three weeks on Thursday, buoyed by strong export data and higher crude oil prices, although a stronger ringgit capped the gains.

China's soybean imports are likely to stay high through the fourth quarter, taking 2023 purchases to an all-time record, but lacklustre demand from loss-making hog farms is seen reducing purchases in early 2024, traders and analysts said.

The board of South Korea's Asiana Airlines agreed on Thursday to sell its cargo service, helping clear the way for a proposed merger with Korean Air Lines, news agency Yonhap reported.

Chicago wheat futures rose on Thursday after Russia allegedly dropped explosives in a Black Sea grain shipping route, while traders looked ahead to harvests hit by dry weather in Argentina and Australia that are likely to tighten supply over time.

Malaysian palm oil futures climbed for a second straight session on Thursday, buoyed by strong export data and higher crude oil prices, although a stronger ringgit capped the gains.

Indonesia will continue its domestic market obligation (DMO) for palm oil into 2024 to maintain price stability of cooking oil, Trade Ministry official Isy Karim said on Thursday.

Prices of most base metals climbed on Thursday, as the U.S. Federal Reserve holding interest rates and supply concerns boosted sentiment.