Nasdaq Commodities

Copper prices slipped on Wednesday as investors worried about weaker economic growth and metals demand, but the losses were moderated by measures to support China's troubled property sector.

Indonesian state energy company Pertamina [PERTM.UL] plans in 2024 to mix more of its gasoline products with ethanol in a bid to offer alternative fuels to the public, its chief executive said on Monday.

Russian President Vladimir Putin will "soon" meet Turkey's President Tayyip Erdogan in Russia, the Kremlin said on Wednesday.

Pasta lovers must brace to pay even higher prices for their favorite dish, as drought in Canada and bad weather in Europe damages crops of durum wheat and reduces supplies available to flour millers and food companies.

Portugal's flag carrier TAP said on Wednesday that it swung to a net profit of 23 million euros ($25 million) in the first half of 2023 on strong revenue growth, boosted by booming tourism, and forecast a strong performance for the remainder of the year.

Asian equities rose on Wednesday for a third straight day to their highest in two weeks, while the dollar wobbled as weak U.S. labour data bolstered bets that the Federal Reserve was likely done with its interest rate hikes.

Malaysian palm oil futures extended gains on Wednesday, albeit marginally, as warm weather threatened the supply of palm and other rival edible oils in Asia amid the high-demand festive season in India.

An unusually dry August has taken a toll on cereal and oilseed crops in Asia as El Nino intensified, and forecasts for lower rainfall in September are further threatening to disrupt supplies.

India has allowed traders to ship out their non-basmati white rice cargoes sitting at ports due to a sudden ban on exports of the category, a government order said late on Tuesday.

Chicago wheat prices inched higher on Wednesday, snapping a four-day run of declines, after a survey showed a sharp fall in Canadian production that could curb global supplies.

Malaysian palm oil futures extended gains on Wednesday aided by the strength in rival edible oils and a softer ringgit.

Asian equities rose on Wednesday and the dollar wobbled as weak U.S. labour data bolstered bets that the Federal Reserve was likely done with its interest rate hikes, while beaten-down China stocks rose for a third straight day.

Copper prices in London eased slightly on Wednesday, as traders and investors exercised caution ahead of the release of key economic data in China and in the United States.

Chicago wheat prices inched higher on Wednesday, snapping a four-day run of declines, after a survey showed a sharp fall in Canadian production that could curb global supplies.

The South Korean port of Gwangyang has emerged as the new hub for storing London Metal Exchange (LME) aluminium.

After a couple years of more corn-favoring levels, Chicago soybean futures have notched their strongest advantage relative to corn since late 2016, suggesting that soy supply concerns are outpacing those of corn.

Russia informed Brazil's aviation authority that it will not open an investigation into the plane crash that killed mercenary boss Yevgeny Prigozhin under international rules "at the moment", the Brazilian agency told Reuters on Tuesday.

Analysts at Citi believe raw sugar prices at ICE exchange are going to stay elevated for a longer period, possibly testing fresh highs, mainly due to expected production difficulties in Asia and the possible ban on exports from India.

Argentina's foreign ministry said on Tuesday it has agreed to resume poultry exports to the European Union after these were halted due to cases of bird flu in the South American nation.

Brazilian farmers of staples like soybeans and corn are expected to order more fertilizers in the 2023/2024 cycle driven by a fall in prices of crop nutrients, an industry consultant said during a conference on Tuesday.