News
Important Only
Oil prices drop 3% as OPEC+ plans for oil output hike
Kurdistan crude oil flows to Turkey resume after 2-1/2 year haltOPEC+ plans another increase to output in November, sources sayLosses follow strong weekly gains for Brent and WTI benchmarksBy Arathy Somasekhar HOUSTON, Sept 29 (Reuters) - Oil prices settled 3% lower on Monday as OPEC+ plans for a...Reuters
10 minutes ago
ICE canola futures fall on weak soy, good harvest weather
WINNIPEG, Manitoba, Sept 29 (Reuters) - ICE canola futures fell on Monday as weak Chicago soyoil and good Canadian harvest weather knocked away price support.• November canola RSX5 settled down $9.40 at $605.20 per metric ton. January RSF6 settled down $9.50 at $618.20.• Good harvesting weather acro...Reuters
12 minutes ago
US natgas prices hit 2-month high on contract expiry, more flows to LNG export plants
Pipeline constraints keep cash prices at Waha and AECO hubs below zeroAECO prices hit record lows for five consecutive daysHurricane Humberto and Tropical Storm Imelda pose no threat to U.S.By Scott DiSavino Sept 29 (Reuters) - U.S. natural gas futures climbed about 2% to a two-month high on Mond...Reuters
14 minutes ago
Gold surges near $3,830 as US government shutdown fears spurs haven demand
Gold price advances close to 2% on Monday and trades near record highs of $3,833 as market participants seeking safety bought the yellow metal amid fears of a government shutdown in the United States. XAU/USD trades at $3,827 at the time of writing.
Fxstreet
14 minutes ago
CBOT corn futures sag lower on harvest pressure; USDA stocks data awaited
CHICAGO, Sept 29 (Reuters) - Chicago Board of Trade corn futures ended mostly lower in choppy trade, pressured by the expanding Midwest harvest, but uncertainty about quarterly government stocks data due on Tuesday kept a floor under prices, traders said.Most-active CBOT December corn CZ25 settled d...Reuters
19 minutes ago
Mexico meat sector decries new livestock movement rules, ivermectin requirement to battle screwworm
Livestock restrictions threaten a $192 billion sector, Mexico's meat industry saysUS blames Mexico for screwworm spread near border, keeps cattle ban in place Ivermectin rule delays cattle movement, sector source says, adding pressure to supply chainsParasite has not yet crossed US border, offic...Reuters
43 minutes ago
GRAINS-Soybeans, corn fall on US harvest pressure
By Julie Ingwersen CHICAGO, Sept 29 (Reuters) - U.S. corn and soybean futures were lower on Monday in choppy trade, pressured by the expanding Midwest harvest of both crops, but uncertainty about quarterly government stocks data due on Tuesday kept a floor under prices, analysts said. Wh...Reuters
54 minutes ago
PRECIOUS-Gold hits record high on rate-cut bets, US government shutdown fears
Gold hits record high of $3,833.37 per ounceTrump hopes to strike deal to keep government openSilver hits more than 14-year high Platinum at 12-year high By Noel John and John Biju Sept 29 (Reuters) - Gold prices surged past $3,800 an ounce for the first time on Monday, setting a new record as in...Reuters
an hour ago
Ukraine's Zaporizhzhia nuclear plant now without offsite power for six days, Grossi says
Sept 29 (Reuters) - The Zaporizhzhia Nuclear Power Plant in Ukraine has now been without offsite power for six days, the U.N. atomic watchdog's chief Rafael Grossi said on Monday.The plant in southeastern Ukraine has been under Russian control since the early weeks of the war, and each side has ...Reuters
2 hours ago
TotalEnergies' capex cuts fail to ease investor debt concerns
Total to sell 50% of US solar portfolio for $950 millionBuys 49% of upstream US gas assets for undisclosed sumCEO under pressure to lower 18% net debt-to-equity ratioWill cut capex by $1 billion annually through 2030By America Hernandez Sept 29 (Reuters) - TotalEnergies' TTEF.PA plan to cut a...Reuters
2 hours ago
North Sea Crude-Forties and WTI Midland firm
LONDON, Sept 29 (Reuters) - North Sea Forties crude differentials rose on Monday, as did U.S. WTI Midland, as both grades traded in the Platts window. NOVEMBER BFOET LOADINGS* Supply of the five North Sea crude oil grades underpinning the dated Brent benchmark will average about 583,000 barrels per ...Reuters
2 hours ago
Moody's says El Teniente accident could delay Codelco's copper targets
SANTIAGO, Sept 29 (Reuters) - A halt to production at Codelco's El Teniente copper mine in late July after an accident could delay the company's efforts to return to its 2020-2021 production levels of 1.6 million metric tons per year, ratings agency Moody's said on Monday. Moody's di...Reuters
2 hours ago
US Plains HRW Wheat-Basis bids remain steady, farmers plant next crop
CHICAGO, Sept 29 (Reuters) - Basis bids for hard red winter wheat were unchanged at elevators in the southern U.S. Plains on Monday, dealers said, as plantings picked up speed.Farmers were focused on harvesting corn and planting wheat that will be harvested next spring.Warm and dry weather was expec...Reuters
2 hours ago
US government shutdown to furlough 41% of health agency workers
By Ahmed Aboulenein WASHINGTON, Sept 29 (Reuters) - The U.S. Department of Health and Human Services plans to furlough 41% of its workforce if Congress fails to prevent a looming government shutdown, suspending critical functions including public health messaging, contractor oversight, and medica...Reuters
2 hours ago
Trump administration to expand coal leasing, fund coal plant upgrades
US opens 13.1 million acres of federal land to coal leasingEnergy Department releases funds for power generation from coalGreen group: move will spike power bills, damage healthBy Timothy Gardner WASHINGTON, Sept 29 (Reuters) - The Trump administration will expand coal mine leasing on federal lan...Reuters
3 hours ago
EU wheat hovers near lows as high euro and hefty supply weigh
PARIS, Sept 29 (Reuters) - European wheat fell to near a contract low on Monday, pressured by a rise of the euro against the dollar and a global supply glut, while traders were assessing potentially lower-than-expected wheat exports from top competitor Russia.Benchmark December milling wheat BL2Z5 o...Reuters
3 hours ago
Europe Gasoline/Naphtha-Gasoline cracks rise
LONDON, Sept 29 (Reuters) - Northwest European gasoline profit margins gained over $2 a barrel on Monday as underlying crude futures fell.A total of 6,000 metric tons of Eurobob E5 barges were traded, with Sahara selling to BP and TotalEnergies.No E10 barges traded.Nigeria's oil workers' uni...Reuters
3 hours ago
Mali's industrial gold output down 32% on Barrick suspension, document says
By Tiemoko Diallo BAMAKO, Sept 29 (Reuters) - Mali's industrial gold production fell 32% year-on-year to 26.2 tons by the end of August, weighed down by the months-long suspension of Barrick Mining's operations, according to a mines ministry document seen by Reuters on Monday.Industrial o...Reuters
3 hours ago
Olympics-LA28 selects Highland to supply 500 electric school buses for Games
By Rory CarrollLOS ANGELES, Sept 29 (Reuters) - LA28 on Monday said it has chosen Highland Electric Fleets as the official electric school bus provider for the 2028 Olympic and Paralympic Games, a partnership that will deploy 500 zero-emission buses to support transport operations.Rather than acquir...Reuters
3 hours ago
WRAPUP 1-Barrick and Newmont CEOs depart in mining leadership shake-up
Appointment of interim CEO follows surprise early exit of Mark BristowNewmont CEO Tom Palmer also departs, Natascha Viljoen steps upViljoen will become first female Newmont CEOWithin mining sector, Rio, BHP also overhauling leadershipBy Divya Rajagopal and Clara Denina Sept 29 (Reuters) - Barrick...Reuters
3 hours ago
