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METALS-Copper prices linger near multi-month highs on supply crunch, US tariff jitters
By Hongmei Li SINGAPORE, July 3 (Reuters) - Copper on the London Metal Exchange and the Shanghai Futures Exchange held near the highest levels since late March, driven by concerns over tight regional supply and increased shipments to the U.S. as traders rush to beat potential import tariffs.Three...Reuters
an hour ago
WTI tumbles below $66.50 on surprise build in US stockpiles
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $66.40 during the early Asian trading hours on Thursday. The WTI price declines on a surprise build in US crude supplies. Oil traders await cautiously ahead of an OPEC+ meeting to decide the group's August output policy.
Fxstreet
2 hours ago
Oil falls on signs of weak US demand ahead of key jobs report
By Nicole Jao July 3 (Reuters) - Oil prices eased on Thursday, reversing gains from the previous session, on concerns over weak U.S. demand after government data showed a surprise build in inventories in the world's biggest crude consumer.Brent crude futures LCOc1 fell 24 cents, or 0.35%, to ...Reuters
2 hours ago
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, July 3 (Reuters) - Contract Target Support/Resistance Brent oil $68.52res $69.22/$69.49/$69.66Palm oil (3rd month)4,112/4,133 ringgitsup 4,070/4,041 ringgitWTI* $66.52/$65.75res $67.75/$68.51Spot gold$3,329/$3,319res $3,357/$3,364/$3,376LME c...Reuters
3 hours ago
US Cash Crude-Inland grades firm as Cushing crude stocks fall
July 2 (Reuters) - Inland grades edged higher on Wednesday, dealers said, as crude stocks at the Cushing, Oklahoma, storage hub fell to near operational lows. WTI Midland WTC-WTM and WTI at East Houston WTC-MEH, also known as MEH, rose 5 cents each. Crude stocks at the Cushing, Oklahoma, delivery h...Reuters
4 hours ago
LIVESTOCK-CME cattle futures recover after falling on screwworm announcement
By Renee Hickman CHICAGO, July 2 (Reuters) - Chicago Mercantile Exchange cattle values bounced back on Wednesday after sharp declines following the U.S. Department of Agriculture's announcement earlier this week of a gradual restart of Mexican livestock imports following a prolonged closure o...Reuters
6 hours ago
BREAKINGVIEWS-Ports expose Li family’s global dealmaking dilemma
By Una Galani HONG KONG, July 3 (Reuters Breakingviews) - Li Ka-shing believed in the power of combined forces, so he named his business Cheung Kong Industries after China’s Yangtze River, which aggregates numerous tributaries. The tycoon, now 96, built his plastics manufacturer into a global ret...Reuters
6 hours ago
Exxon, QatarEnergy JV asks US regulators for permission to re-export LNG from October 1
HOUSTON, July 2 (Reuters) - Golden Pass LNG, which is owned by Exxon Mobil XOM.N and QatarEnergy, has asked U.S. regulators for permission to re-export liquefied natural gas from October 1, as the export plant nears production after previous delays.The company said it wants to re-export a cargo of L...Reuters
6 hours ago
HIGHLIGHTS-Tennis-Wimbledon day three
LONDON, July 2 (Reuters) - Highlights of the third day at the Wimbledon tennis championships on Wednesday (times GMT):2120 FRITZ BATTLES PAST DIALLO IN LATE THRILLER American fifth seed Taylor Fritz was taken to five sets before overcoming Canadian Gabriel Diallo 3-6 6-3 7-6(0) 4-6 6-3, in a matc...Reuters
6 hours ago
CANADA-CRUDE-Discount on Western Canada Select widens
July 2 (Reuters) - The discount on Western Canada Select to the North American benchmark West Texas Intermediate futures CLc1 widened on Wednesday.WCS for August delivery in Hardisty, Alberta, settled at $10.05 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, compared with $9.9...Reuters
6 hours ago
REFILE-CIF/FOB Gulf Grain-Soybean, corn barge basis steady to higher
CHICAGO, July 2 (Reuters) - Basis bids for corn and soybeans shipped by barge to the U.S. Gulf Coast for export were steady to higher on Wednesday, after farmer selling has slowed amid a slump in futures prices, traders said.Deferred bids firmed, particularly for soybean loadings later this summer.T...Reuters
7 hours ago
Golden pass asks US regulators for permission to re-export LNG from Oct 1
HOUSTON, July 2 (Reuters) - Golden Pass LNG, which is owned by Exxon Mobil XOM.N and QatarEnergy, has asked U.S. regulators for permission to re-export liquefied natural gas from October 1.The company has said it wants to re-export a cargo of LNG it plans to import to cool down its export plant in T...Reuters
7 hours ago
Late March Ontario and Quebec ice storm to cost insurers C$416 million, says CatIQ
By Chris MunroJuly 2 - (The Insurer) - The ice storm that affected Ontario and Quebec between March 28 and 31, 2025 is now estimated to have cost insurers C$416 million ($306 million), according to the latest data from Perils-owned CatIQ.It is the third of four estimates for the event issued by CatI...Reuters
7 hours ago
CIF/FOB Gulf Grain-Soybean, corn barge basis steady to higher
CHICAGO, July 2 (Reuters) - Basis bids for corn and soybeans shipped by barge to the U.S. Gulf Coast for export were steady to higher on Wednesday, after farmer selling has slowed amid a slump in futures prices, traders said.Deferred bids firmed, particularly for soybean loadings later this summer.T...Reuters
7 hours ago
US Cash Grains-Soy bids mixed, corn flat as futures rebound
CHICAGO, July 2 (Reuters) - Spot basis bids for soybeans were mixed while corn bids were flat in the U.S. Midwest on Wednesday as farmer selling remained light and futures rebounded. The soybean basis ticked lower at an Illinois river terminal and increased at an Indiana crush plant. Ideal growing w...Reuters
7 hours ago
GRAINS-Corn and soy climb on bargain buying, positioning ahead of holiday weekend
US Midwest weather remains favorable for corn and soy cropsSoybeans find support in soyoil rally, China rumorsWheat holds firm on short-covering before US holiday weekendBy Karl Plume CHICAGO, July 2 (Reuters) - U.S. grain and soybean futures rose on Wednesday in a bargain-buying and technical ad...Reuters
8 hours ago
ICE canola futures climb on catch-up trade, US optimism
WINNIPEG, Manitoba, July 2 (Reuters) - ICE canola futures played catch-up on Wednesday after a holiday in Canada, rising with U.S. soyoil.• November canola RSX5 settled up $24.80 at $734.50 per metric ton, a surge of more than 3%.• The Winnipeg market was closed on Tuesday for Canada Day. • Chicago ...Reuters
8 hours ago
CBOT wheat ends higher on short-covering, technical buying
CHICAGO, July 2 (Reuters) - Chicago Board of Trade soft red winter wheat futures rallied for a second straight session on Wednesday, supported by technical and fund buying and position squaring ahead of the long U.S. Independence Day holiday weekend, traders said.CBOT September soft red winter wheat...Reuters
8 hours ago
Iranian nuclear program degraded by up to two years, Pentagon says
WASHINGTON, July 2 (Reuters) - The Pentagon said on Wednesday that Iran's nuclear program has been degraded by up to two years following U.S. strikes that it says destroyed the three sites targeted by the United States.Sean Parnell, a Pentagon spokesman, offered the estimate at a briefing to rep...Reuters
8 hours ago
CBOT corn bounce from lows on bargain-buying, technicals
CHICAGO, July 2 (Reuters) - Chicago Board of Trade corn futures rallied nearly 3% on Wednesday on bargain buying and technical buying, and as traders squared positions ahead of the long U.S. Independence Day holiday weekend, traders said.CBOT September corn CU25 settled 12 cents higher at $4.18 per ...Reuters
8 hours ago
Oil prices jump 3% as Iran suspends cooperation with UN nuclear watchdog
U.S. crude inventories rise unexpectedly, limiting oil price gainsOPEC+ supply increases priced in by investors, unlikely to surprise marketsUS-Vietnam trade deal boosts oil pricesBy Stephanie Kelly NEW YORK, July 2 (Reuters) - Oil prices rose 3% on Wednesday as Iran suspended cooperation with th...Reuters
8 hours ago
Incarnation Specialty adds Munich Re veteran Hernandez as head of marine cargo
By Chris MunroJuly 2 - (The Insurer) - Newly appointed Lloyd’s coverholder Incarnation Specialty Underwriters has appointed Manuel Hernandez to its ranks as senior vice president and head of marine cargo.The recruit brings over 30 years of industry experience to Incarnation Specialty, including seni...Reuters
8 hours ago
