Nasdaq Commodities

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

FXEmpire.com - Natural Gas Price Forecast Video for 15.08.23

Egypt has strategic reserves of wheat sufficient to cover local consumption for 4.7 months and vegetable oils sufficient for 4 months, the cabinet said in a statement on Monday, citing the supply minister. (Reporting by Momen Saeed Atallah; Writing by Nadine Awadalla; editing by David Evans) ((Nadine.Awadalla@thomsonreuters.com;)) nP8N38K0DK

Ryanair expects traffic in August to "slightly" surpass the record 18.7 million passengers it flew in July, with bookings for September and October so far coming in exactly as expected, a senior executive told Reuters on Monday.

Brazilian farmers had harvested 71% of the area planted for their second corn crop in the center-south region by Aug. 10, consultancy AgRural said on Monday, up 7 percentage points from the previous week.

Romania aims to double the monthly transit capacity of Ukrainian grain to its flagship Black Sea port of Constanta to 4 million tonnes in the coming months, particularly via the Danube river, Transport Minister Sorin Grindeanu said.

Russian wheat export prices extended gains last week amid ongoing geopolitical tensions, with record weekly shipments.

Brazilian farmers had harvested 71% of the area planted for their second corn crop in the center-south region by Aug. 10, consultancy AgRural said on Monday, up 7 percentage points from the previous week.

Chicago wheat fell on Monday as dealers did not expect much impact from a weekend incident where a Russian warship fired warning shots at a cargo ship in the Black Sea, with attention turning to large exports of Russia's big wheat crop.

Target is expected to post its first quarterly drop in revenue in about six years when it reports results on Wednesday, as the big-box retailer reels from a shift in consumer spending away from discretionary goods to services.

London cocoa futures rose on Monday with the market showing signs of resuming its recent uptrend, buoyed by crop concerns in West Africa, while sugar prices eased.

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Casino operator MGM Resorts International MGM.N is finding Formula One's inaugural stop in Las Vegas is as much of a draw as its slot machines this year, and it is not the only company realizing that travelers are increasingly seeking out experiences beyond the traditional draws for tourists.

Australian police on Monday arrested a 45-year-old man travelling on a Malaysia Airlines flight from Sydney to Kuala Lumpur, following an in-flight incident, but said there was no threat to the community.

Passenger traffic at Spain's Aena airports exceeded pre-pandemic levels for a seventh consecutive month in July, outperforming other European terminals where traffic still lags 2019.

Boeing has emerged as the front-runner to secure an order for around 25 wide-body planes from IndiGo, industry sources told Reuters on Monday, as India's biggest airline deepens its international expansion with new destinations.

Ukraine on Monday condemned what it called "provocative" Russian actions and called for decisive countermeasures by the international community, a day after Moscow said one of its warships had fired warning shots at a cargo vessel in the Black Sea.

Ukraine's grain exports have totalled 3.12 million metric tons so far in the 2023/24 July-June season, Agriculture Ministry data showed on Monday.

Indian budget carrier SpiceJet on Monday reported its highest quarterly profit in four years, as a sharp drop in expenses due to fewer flights operated more than offset a fall in revenue – sending shares up 6%.

European shares dipped at the open on Monday, as China-exposed mining firms lost ground on concerns over its embattled property sector, while energy firms slipped on dipping oil prices.