Nasdaq Commodities

Malaysian palm oil futures moved up and down on Friday for want for a direction, finally inching higher and posting a weekly gain, as market participants waited for new leads.

The lowest price offered in the international tender from Tunisia's state grains agency on Friday to purchase up to 100,000 metric tons of soft wheat was believed to be $238.88 a ton c&f, according to initial assessments from European traders.

Shares in Germany's Lufthansa were trading 3.6% lower at 0833 GMT on Friday, as shareholders reacted to the airline's announcement that it would shed two thirds of its board by the middle of the year.

Parts shortages and delivery delays plaguing the global aviation industry are easing, but could take up to two years to resolve, firms at the Singapore Airshow said, adding to the pressures clouding a post-pandemic recovery in travel demand.

The founder and CEO of Italian luxury group Tod's, Diego Della Valle, said on Friday his family has no plans to sell the company after the delisting operation via private equity firm L Catterton.

Ukraine has exported almost 4.3 million metric tons of grain so far this month, exceeding the 3.8 million tons exported over the same period a year earlier, agriculture ministry data showed on Friday.

Thousands of protesting Indian farmers facing off with security forces have come under the protection of the Nihang Sikhs, a warrior sect dating back to the 1600s distinguished by their ink-blue robes and ancient weapons such as swords and spears.

As the bustling trade portion of the first fully post-pandemic Singapore Airshow wound down on Friday, exhibitors and delegates said they were optimistic for the aviation industry despite suppliers' struggles to keep up with the rebound in travel demand.

As the bustling trade portion of first fully post-pandemic Singapore Airshow wound down on Friday, exhibitors and delegates said they were optimistic for the aviation industry despite suppliers' struggles to keep up with the rebound in travel demand.

Malaysian palm oil futures extended losses to a second straight session on Friday, dragged down by losses in rival oils on the Dalian Commodity Exchange, although the contract was on track to post a weekly gain.

Shanghai nickel extended gains on Friday to a three-month peak, supported by concerns over Indonesian ore supply and a potential U.S. sanction on Russian metal.

Chicago corn and soybean futures edged higher on Friday, with bargain-buying lifting prices after both markets dropped to their lowest levels in three years, although plentiful supplies are likely to limit gains.

Thailand's customs-cleared exports rose for the sixth consecutive month in January and were up 10% annually or more than expected, the commerce ministry said on Friday.

Canadian budget airline Lynx Air has filed for court protection from creditors and will cease operations on Feb. 26, it said on Thursday, as it struggles with rising operating costs, high fuel prices and increasing airport charges.

Malaysian palm oil futures extended losses to the second session on Friday, dragged down by losses in rival oils on the Dalian Commodity Exchange, although the contract was on track to post a weekly gain.

Shanghai nickel extended its rally on Friday to hit a three-month high, buoyed by supply fears amid news of potential U.S. sanctions on Russian metals, while a weaker dollar also lent support to the market.

Chicago corn and soybean futures edged higher on Friday, with bargain-buying lifting prices after both markets dropped to their lowest levels in three years, although plentiful grain supply is likely to cap gains.

Growing demand for megacap stocks that tap global secular growth trends has catapulted European shares to fresh highs, although some say their star may wane as investors seek value elsewhere.

Fund managers have been scaling up short positions on zinc, betting that this year's weakest base metals price performer has further downside.

Just a few years ago, corn at or above $4 per bushel was often viewed favorably by U.S. farmers from a profit perspective. But $4 today is not the same as it was back then since production costs remain elevated after spiking a couple of years ago.