Nasdaq Commodities

Archer-Daniels-Midland beat Wall Street expectations for third-quarter profit on Tuesday, as the grain trader and processor benefited from strong global export demand.

Chicago soybean and corn futures fell for a third straight session on Tuesday to hit one-week lows as markets remained pressured by an advancing U.S. harvest.

London cocoa futures on ICE were higher on Tuesday, edging up towards the prior session's record peak buoyed by tightening supplies, while sugar prices also rose.

Copper prices edged higher on Tuesday as optimism that top metals consumer China would unleash more stimulus balanced worries that other major economies may be heading to recession.

An off-duty pilot accused of trying to shut off the engines of an Alaska Airlines jet on a weekend flight over the Pacific Northwest was due to make his first court appearance on Tuesday in Portland, Oregon, where he faced 83 counts of attempted murder.

Russia's grain harvest in 2023 will be about 140 million tonnes, with an export potential of about 60 million tonnes, state news agency TASS quoted Deputy Prime Minister Viktoria Abramchenko as saying on Tuesday.

Prices of most base metals increased on Tuesday as a softer U.S. dollar made greenback-priced commodities cheaper to holders of other currencies.

About 700,000 metric tons of grain have been exported through Ukraine's new Black Sea export corridor since it began operating in August, the Ukrainian agriculture minister said.

Finland's national airline Finnair on Tuesday forecast 2023 results at pre-pandemic levels or close to them, saying the COVID-19 impact had faded and the markets had adapted to the closure of Russian airspace.

German sportswear maker Puma on Tuesday said it is still set to reach its full-year outlook despite an 8.3% drop in its third-quarter core earnings.

Third quarter sales at Birkin bag maker Hermes rose briskly, up 15.6% year-on-year, with the pace of growth beating expectations and slowing only slightly in a show of resilience of its wealthy clientele in spite of economic headwinds.

Malaysian palm oil futures fell on Tuesday as a rapidly advancing U.S. soybean harvest and a recovering ringgit weighed on prices, though strong demand limited losses.

Indonesia will introduce new measures on rice prices to ensure affordability amid concerns of a supply crunch due to dry weather, a senior Finance Ministry official said on Tuesday.

Aluminium producer Hydro reported a bigger-than-expected drop in third-quarter core profit on Tuesday and said markets for the light-weight metal were challenging and uncertain.

Global energy trader Vitol will be delivering specialised bunker barges at Singapore in early 2024, and will be able to offer a range of biofuel blends through its subsidiaries V-Bunkers and Vitol Bunkers, the company said in a statement on Tuesday.

Qantas Airways said on Tuesday the company and China Eastern Airlines have withdrawn their application to Australian competition regulator that sought to extend their joint business.

Prices of most nonferrous metals rose on Tuesday as a weaker U.S. dollar made the greenback-priced commodities cheaper to holders of other currencies.

Russia's Rusal, the world's largest aluminium producer outside China, said on Tuesday it agreed to buy 30% of the equity interest in Chinese alumina producer Hebei Wenfeng New Materials (HWNM) for 1.91 billion yuan ($261.6 million).

Chicago soybean futures lost more ground on Tuesday to hit their lowest in a week, while corn slid for a third straight session as rapidly advancing U.S. harvests weighed on prices.

Malaysian palm oil futures fell on Tuesday as rapidly advancing U.S. soybean harvest and a strengthening ringgit weighed on prices, although strong demand curbed losses.