Nasdaq Commodities

Egypt expects to begin reaping the benefits of an Abu Dhabi-financed deal to buy $500 million of imported wheat in January, supply minister Ali Moselhy said on Sunday.

China's soybean imports from the United States tumbled 62% in July from a year earlier while shipments from Brazil, its top supplier, surged 32%, data showed on Sunday, spurred by a bumper crop and lower prices in the Latin American country.

India will impose with immediate effect a 40% export duty on onions up to Dec. 31 in an attempt to improve domestic availability of the vegetable, the ministry of finance said in a notification on Saturday.

Electric-vehicle batteries and other car parts are the latest products under scrutiny as part of Washington's effort to stamp out U.S. links to forced labor in Chinese supply chains, according to a document seen by Reuters, agency statistics and sources.

India's Tata Group-owned Titan Co will raise its stake in its subsidiary CaratLane Trading by 27.2% for 46.21 billion rupees ($555.8 million), the parent company said in an exchange filing on Saturday.

Brazil's government expects Congress to approve a series of energy transition-related bills in the next 100 days that it believes will boost the country's decarbonization credentials at the upcoming COP28 climate summit, an official told Reuters on Friday.

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Chicago Board of Trade wheat futures jumped nearly 4% on Friday as a drone attack on Moscow revived concerns over the risk of war disruptions to Black Sea grain exports, analysts said.

Large speculators increased their net short position in Chicago Board of Trade corn futures in the week to Aug. 15, regulatory data released on Friday showed.

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The Brazilian unit of China's COFCO International started operating the South American country's first biodiesel pipeline connecting its plant in Rondonopolis, at the heart of Brazil's farm country, to nearby distributors.

Arabica coffee futures on ICE settled higher on Friday after earlier hitting their lowest level in seven months as the harvest in top producer Brazil draws to an end, while London cocoa steadied after touching a fresh 46-year-high on Thursday.

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Chicago Board of Trade wheat futures rose 3% on Friday as a drone attack on Moscow and a reported Ukrainian sea strike near Crimea revived concerns over war disruptions to Black Sea grain exports, analysts said.

In trading on Friday, shares of MP Materials Corp (Symbol: MP) entered into oversold territory, changing hands as low as $20.655 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum

The Brazilian government has purchased 30,600 metric tonnes of corn from farmers in Mato Grosso state, in the first confirmed deals to boost public food stocks, food supply and statistics agency Conab said on Friday.

Arabica coffee futures on ICE rose on Friday after earlier hitting its lowest level in seven months as the harvest in top producer Brazil draws to an end, while London cocoa steadied after hitting a fresh 46-year-high on Thursday.

Mexican President Andres Manuel Lopez Obrador said on Friday he would accept the decision of a trade panel requested by the United States to solve a spat over the Latin American country's move to ban genetically modified, or GMO, corn imports. The United States on Thursday escalated its objections to Mexico, requesting a dispute settlement panel to carry out negotiations under the North American trade pact.

The Brazilian government has already purchased 30,600 metric tons of corn from farmers in top grain state Mato Grosso in the first confirmed acquisitions to boost public food stocks, food supply and statistics agency Conab said on Friday.

Air cargo enjoyed record demand when COVID-19 closed borders and snarled supply chains. Now, it is reeling from overcapacity and tumbling freight rates as the freight boom makes a hard landing.