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U.S. based grain merchant Cargill said on Tuesday it will produce mineral supplements for beef cattle at a Minas Gerais state facility as it seeks to cater to the local livestock farming market.

Soft wheat exports from the European Union since the start of the 2023/24 season in July had reached 20.5 million metric tons by Feb. 22, compared with 21.1 million a year earlier, data published by the European Commission showed on Tuesday.

British Airways owner IAG has offered concessions in an attempt to secure EU antitrust approval for its 400 million euro ($433.7 million) bid to buy out Air Europa, a European Commission filing shows.

Macy's forecast annual sales below market expectation on weak demand for its apparel and shoes and said it would close 150 stores through 2026 in a new turnaround plan, sending its shares down about 3% before the bell on Tuesday.

Ministers from across the globe are convening at the World Trade Organization (WTO) Ministerial Conference in Abu Dhabi from Feb. 26-29 to try to set new rules for global commerce, including reforming its dispute system and cutting fishing subsidies. Expectations for the biennial meeting are modest amid growing disregard for trade rules as the nearly 30-year-old body grapples with global geopolitical tensions and the risk of world trade breaking up.

Copper prices in London rose for the first time in three sessions on Tuesday, on hopes that next week's annual parliamentary meeting in top consumer China could provide clues on further economic stimulus.

Nine trading companies are believed to be taking part so far in the international tender from Jordan’s state grains buyer to purchase 120,000 metric tons of wheat on Tuesday, traders said in initial assessments.

China's aluminium consumption will grow at a slower rate this year, state-backed research house Antaike said on Tuesday, with a contraction in construction-led demand in a troubled property market.

Malaysian palm oil futures closed higher for a third straight session on Tuesday, tracking gains in rival oils, while the market is waiting for a major industry conference due to be held in Kuala Lumpur next week.

Vietnam has imported husked brown rice from India for the first time in decades to process the grain and export the refined, white variety, trade and government sources said, as Hanoi tries to cash in on strong global demand for the staple.

Sportswear company Puma will be the official outfitter for German soccer club RB Leipzig from next season, CEO Arne Freundt said at a press conference on Tuesday.

Two people were killed during clashes with police in the suburbs of Guinea's capital Conakry on Monday, their families and medical sources said, amid a national strike that has paralysed the city and disrupted some mining operations.

Indonesian state purchasing agency BULOG has issued an international tender to buy some 300,000 metric tons of rice, European traders said on Tuesday.

British grocery prices rose this month at their lowest rate since March 2022, as supermarket promotions picked up after a post-Christmas slowdown, industry data showed on Tuesday.

On a cold winter evening in a car park in the Cypriot capital Nicosia, queues are already forming before former airline pilot Pantelis Panteli arrives in a small van to sell his produce.

Indonesia's palm oil exports in 2023 dropped by 2.7% on a yearly basis to 32.2 million metric tons from 33.1 million tons shipped in 2022, the Indonesia Palm Oil Association (GAPKI) said on Tuesday.

Cocoa arrivals at ports in top grower Ivory Coast had reached 1.163 million metric tons by Feb. 25 since the start of the season on Oct. 1, down about 30% from the same period last season, exporters estimated on Tuesday.

Puma on Tuesday said it expects a soft first half of 2024 as negative currency effects continue to put pressure on the German sportswear company, but stuck to the annual targets it gave in January.

Indonesia plans to double its palm oil replanting subsidy to 60 million rupiah ($3,833.87) per hectare, its chief economic minister Airlangga Hartarto said in a statement on Tuesday, in efforts to accelerate the programme.

John Hathaway, managing partner at Sprott (TSX:SII,NYSE:SII), shared his thoughts on the disconnect between the gold price and gold stocks, explaining why it's happening and what could make gold stocks start moving.In his view, the rise of passive investing is one reason gold stocks have gotten stuck. Hathaway noted that this style of investing dominates the markets today, and it doesn't favor smaller sectors like precious metals. The popularity of exchange-traded funds (ETFs) is another factor. "I think it's fair to say that the gold-backed ETFs have cannibalized demand for gold-mining equities," he said. "Before (gold ETFs existed) it was really difficult for equity investors to position in the macro thesis behind gold ... without owning gold stocks." The gold price is already historically high, but Hathway said more momentum could push gold stocks up. "Is it US$2,100? Is it US$2,500? Somewhere along the way higher gold prices will generate interest in gold-mining stocks because they're leveraged to the gold price," he said, adding, "At some point a higher gold price will lead to such incredible cashflow and profitability that even this tiny little space will catch somebody's eye." But aside from a higher gold price, there are other elements that could drive interest in the gold space. "What would that be? I think it would be a reversion to mean, not just in the gold-mining space, but a reversion to mean in the external markets. We all know that the stock market basically has been driven by seven names ... again, if you're a contrarian it's an easy trade to make — sell the Mag 7 like (Stanley) Druckenmiller just did and look for something that's completely discounted," Hathaway said during the conversation. "That's not just the gold-mining space, you can talk about oil and gas, you can talk about some cyclical names. So I think that's one thing." The other is potential issues in the banking system, possibly in terms of commercial real estate. "In a way, you could have ... the dot-com crash in 2000, 2001 and the global financial crisis in 2007, 2008 combining to turn consensus investment banking upside down. That's the sort of thing that would lead investors to look for diversification, which gold represents," he said. "I believe that that's the scenario I would point to for the gold-mining industry and gold itself to come back into favor." Watch the interview above for more from Hathaway on gold and gold stocks. Don't forget to follow us @INN_Resource for real-time updates!Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.