Nasdaq Commodities

Paris wheat futures were lower on Monday, pressured by export competition from Russia and the start of harvesting in Europe that was set to add to large stockpiles, dealers said.

India, the world's second-largest sugar producer and a major exporter in recent years, will likely have a smaller role in the sugar export market going forward as its government-led ethanol program continues to expand, a report said on Monday.

Conditions in the U.S. Crop Watch corn and soybean fields rose again last week as seasonably cool temperatures dominated, outweighing some of the underwhelming rainfall totals in western areas.

Meta Platforms' Twitter rival Threads crossed 100 million sign-ups within five days of launch, CEO Mark Zuckerberg said on Monday, dethroning ChatGPT as the fastest-growing online platform to hit the milestone.

Shares of FMC Corp fell more than 8% on Monday after the agricultural products supplier cut its outlook for the year on volume declines in most of its major markets.

FXEmpire.com - Natural Gas Price Forecast Video for 11.07.23

Raw sugar futures on ICE were lower on Monday, weighed down by the strong pace of production in the key Centre-South region of Brazil, while cocoa futures were boosted by tight supplies.

Meta Platforms' Twitter rival Threads crossed 100 million sign-ups in five days, CEO Mark Zuckerberg said on Monday, dethroning ChatGPT as the fastest online platform to hit the milestone.

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

Traders and consumers shunning aluminium produced in Russia and scrambling for alternatives sent stocks of Indian origin metal in London Metal Exchange approved warehouses plummeting to 18% or 49,375 metric tons in June from above 50% in January.

Export prices for Russian wheat remained largely flat last week, analysts said, as traders waited for signals about the Black Sea grain export deal ahead of its renewal deadline next Monday.

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Brazilian farmers have harvested through last Thursday 27% of the area planted for their second corn crop, agribusiness consultancy AgRural said on Monday, up 10 percentage points from the previous week but still lagging 2022 levels.

Brazilian farmers have harvested through last Thursday 27% of the area planted for their second corn crop in the center-south region, agribusiness consultancy AgRural said on Monday, up 10 percentage points from the previous week.

Chicago corn rose on Monday to move away from a 2-1/2 year low, with investors awaiting U.S. government data for a further gauge of crop weather, while soybeans climbed nearly 2% as a palm oil rally supported the oilseed complex.

The U.S. government’s June survey delivered shocking corn and soybean acreage figures in the thick of the U.S. summer weather market, though speculators generally reduced risk across Chicago grains and oilseeds last week.

Without a single sales contract in hand, Dutch fertilizer company OCI is building a $1 billion plant in Texas to produce ammonia with low greenhouse gas emissions, a gamble requiring heavy government subsidies, new markets and a contingency plan.

Copper prices fell in London on Monday, under pressure from weak economic data from top consumer China and concerns about the effect of a global economic slowdown on demand for growth-dependent base metals.

Raw sugar futures on ICE were lower on Monday, weighed down partly by the strong pace of production in the key Centre-South region of Brazil, while cocoa futures climbed, buoyed by tight supplies.

Malaysian palm oil futures rose on Monday, lifted by a surge in July exports and a slower increase in June inventories.