Nasdaq Commodities

London cocoa futures on ICE fell back on Thursday after earlier setting a fresh 46-year high, while coffee and sugar prices were also lower.

The International Grains Council (IGC) on Thursday trimmed its forecast for 2023/24 global corn production by six million tonnes to 1.211 billion tonnes.

South Korea's Major Feedmill Group (MFG) purchased an estimated 68,000 metric tons of animal feed corn expected to be sourced from South America or South Africa in a private deal on Thursday without issuing an international tender, European traders said.

Chicago corn, wheat and soybean futures were little changed on Thursday, consolidating after a two-day slide triggered by improved rain prospects for parched Midwest crops, as attention turned to U.S. government planting and stocks data.

Market participants frequently have grievances with U.S. Department of Agriculture estimates, especially when it comes to acreage and yields, though analysts are mostly satisfied with this year’s planting estimates first published in March.

Copper prices hit a one-month low on Thursday due to concerns about higher interest rates denting global economic growth and signs of weak demand in top metals consumer China.

Leading South Korean animal feed maker Nonghyup Feed Inc. (NOFI) has bought an estimated 68,000 metric tons of animal feed corn in an international tender for up to 138,000 tonnes on Thursday, European traders said.

Coffee trading in Vietnam remained sluggish this week as the markets took a hit due to the months-long scarcity of beans, while activities were muted in Indonesia due to a holiday, traders said on Thursday.

Leading South Korean animal feed maker Nonghyup Feed Inc. (NOFI) has bought an estimated 68,000 metric tons of animal feed corn in an international tender for up to 138,000 tonnes on Thursday, European traders said.

Copper prices declined on Thursday as weak data from top metals consumer China weighed on the demand outlook, while a stronger dollar made greenback-priced metals more expensive for holders of other currencies.

H&M HMb.ST, the world's second-biggest fashion retailer, reported stronger than expected March-May profits on Thursday and said third-quarter sales were off to a good start as the company strives to catch up with faster-growing rivals.

South Korean feedmaker Nonghyup Feed Inc (NOFI) has issued an international tender to purchase up to 138,000 metric tons of animal feed corn, European traders said on Thursday.

Chicago corn futures rebounded in Asian trading on Thursday after two sessions of sharp losses, with traders awaiting U.S. weekly export sales data later in the day and U.S. acreage and quarterly grain stocks reports on Friday for further direction.

Copper prices dropped on Thursday as a stronger dollar made greenback-priced metals more expensive for overseas buyers, while tepid data from top consumer China also weighed on demand and risk sentiment.

Chicago corn futures rose in early Asian trading on Thursday after two sessions of sharp losses, with traders awaiting U.S. weekly export sales data later in the day and U.S. acreage and quarterly grain stocks reports on Friday for further direction.

Vietnam's rice exports in the January-June period are estimated to have risen about 22.2% from a year earlier to 4.27 million tonnes, government data showed on Thursday.

Mexico may repurchase about $4.2 billion in outstanding bonds issued to finance a partly built Mexico City airport that was later canceled, a senior official said on Wednesday.

New Zealand's business confidence improved in June, hitting the highest read since November 2021, while expected own activity moved to positive territory for the first time in 14 months, an ANZ Bank survey showed on Thursday.

The World Bank and the Inter-American Development Bank (IDB) will provide Argentina with funds totaling over $1 billion, the South American nation's economy ministry said on Wednesday, adding these should go toward development and energy projects.

LATAM Airlines is considering issuing a so-called "green bond" as part of its sustainability strategy, the carrier's Mexico country head said in an interview on Wednesday, a move that would bolster its finances after emerging from bankruptcy.