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GRAINS-Soy, corn futures retreat on weather as US-China optimism cools
Soybeans firmed initially on Sino-U.S. trade talks optimismFutures fell due to lack of agricultural specifics in trade talksMonthly USDA supply/demand report awaitedBy Julie Ingwersen CHICAGO, June 11 (Reuters) - Chicago Board of Trade soybean and corn futures drifted lower on Wednesday as initia...Reuters
Wed, Jun 11
US Plains HRW Wheat-Basis bids flat with slow farmer selling and wet weather
CHICAGO, June 11 (Reuters) - Spot basis bids for hard red winter wheat remained flat in the southern U.S. Plains on Wednesday as rainy weather continued to delay harvesting, according to dealers.Dealers said there was little farmer selling with wet ground making it difficult to get the harvest start...Reuters
Wed, Jun 11
PRECIOUS-Gold ticks up after cooler-than-expected US inflation data
US consumer prices rise moderately in MayTrump says deal with China doneBeijing to supply rare earths, US will allow Chinese studentsUS PPI data due on Thursday Platinum hits over four-year peak By Ashitha Shivaprasad June 11 (Reuters) - Gold prices rose on Wednesday, helped by cooler-than-expect...Reuters
Wed, Jun 11
Gold price rises on soft US CPI, traders price in Fed rate cuts
Gold prices posted modest gains of over 0.22% on Wednesday as the latest inflation report in the United States (US) revealed that prices are cooling. Hence, investors increased their bets that the Federal Reserve (Fed) would resume its easing cycle in September. The XAU/USD trades at $3,327.
Fxstreet
Wed, Jun 11
US ocean imports plunged in May on 145% tariffs on China
LOS ANGELES, June 11 (Reuters) - Imports at several of the busiest U.S. seaports dropped sharply in May, after President Donald Trump's short-lived 145% tariffs on many goods from China stalled trade, according to data from Descartes Datamyne. The world's two biggest economies overnight anno...Reuters
Wed, Jun 11
Trigon Pacific Terminals announces new LPG export facility in Prince Rupert, Canada
June 11 (Reuters) - Trigon Pacific Terminals announced on Wednesday a new $750 million open-access liquefied petroleum gas export facility with a capacity of 2.5 million metric tons per year at Prince Rupert, Canada.The export facility is expected to begin operations by late 2029, subject to securin...Reuters
Wed, Jun 11
US embassy in Iraq preparing for ordered evacuation due to 'heightened security risks', sources say
BAGHDAD, June 11 (Reuters) - The U.S. embassy in Iraq is preparing for an ordered evacuation due to heightened security risks in the region, an Iraqi security official and a U.S. source said on Wednesday.Iran's Minister of Defense Aziz Nasirzadeh said earlier in the day that Tehran will strike U...Reuters
Wed, Jun 11
US Cash Grains-Soybean and corn bids mostly flat as futures firm
CHICAGO, June 11 (Reuters) - Spot soybean and corn basis bids were mostly steady at U.S. Midwest river terminals, grain elevators and processing facilities on Wednesday, with a few exceptions, according to a spot check of locations.The soybean basis lost 5 cents at a processor in Lincoln, Nebraska.T...Reuters
Wed, Jun 11
Europe Gasoline/Naphtha-Gasoline profit margins dip as US stocks rise
LONDON, June 11 (Reuters) - Northwest European gasoline profit margins fell by around 81 cents per barrel to $14.02 a barrel on Wednesday, after U.S. gasoline stocks rose by more than expected last week according to data from the Energy Information Administration (EIA).A total of 16,000 metric tons ...Reuters
Wed, Jun 11
Colorado State continues to forecast four major hurricanes in 2025
HOUSTON, June 11 (Reuters) - Colorado State University meteorologists on Wednesday left unchanged their closely-watched forecast for an above-average 2025 Atlantic hurricane season, which began on June 1, from their release in April. The outlook continues to expect four major hurricanes, with sustai...Reuters
Wed, Jun 11
Alberta Premier says province working on proposal for new crude oil pipeline to Port of Prince Rupert
CALGARY, June 11 (Reuters) - Alberta Premier Danielle Smith said on Wednesday the province is working to present Prime Minister Mark Carney with a proponent and route for a potential new crude pipeline from Alberta to the Port of Prince Rupert in British Columbia.Smith said the pipeline would be bui...Reuters
Wed, Jun 11
First crude from Guyana's fourth platform to be exported in August-September
First cargo will be of 1 million barrelsNew crude grade 'Golden Arrowhead' to be the country's lightestConsortium partners expected to jointly sell the cargoBy Kemol King and Robert HarveyGEORGETOWN/LONDON, June 10 (Reuters) - The first crude cargo from Guyana's fourth oil production...Reuters
Wed, Jun 11
CORRECTED-New Texas wastewater rules could boost costs for oil producers
New wastewater permitting rules to raise costs for Texas producersWater disposal costs to rise 20-30% in Delaware formation - B3 InsightsCostly new infrastructure, permit delays to hit small operators mostBy Georgina McCartney HOUSTON, June 10 (Reuters) - New guidelines on permitting for wastewat...Reuters
Wed, Jun 11
Maritime agency warns shipping industry over rising Middle East tensions
Increased ME tensions may impact shipping, says maritime agencyUS set for talks with Iran over its nuclear programmeUKMTO advises vessels to use caution when passing through GulfBy Jonathan Saul LONDON, June 11 (Reuters) - Increased tensions in the Middle East may lead to an escalation in mil...Reuters
Wed, Jun 11
AB Foods holds off bioethanol plant closure decision until June 25
Says Hull plant will stop buying wheatWill hold off on all other closure decisionsWants UK government to provide supportWarns "time is very limited" to save plantBy James Davey LONDON, June 11 (Reuters) - Associated British Foods ABF.L will hold off deciding the fate of its under threat V...Reuters
Wed, Jun 11
Platinum surges, palladium lags on narrow demand profile
Platinum hits highest level since February 2021Palladium's gains limited by narrow demand base, analysts sayChina's EV sales up 32% year-on-year in AprilBy Anushree Mukherjee and Kavya Balaraman June 11 (Reuters) - Platinum and palladium prices have both rallied this month, notching a mor...Reuters
Wed, Jun 11
METALS-Chinese demand concerns and trade tensions weigh on copper
By Ashitha Shivaprasad June 11 (Reuters) - Copper prices fell on Wednesday as a weakening demand outlook in China dominated sentiment while the country's trade talks with the United States did little to ease concern over their tariff disputes. Three-month copper CMCU3 on the London Metal Ex...Reuters
Wed, Jun 11
Euronext wheat hovers near lows
PARIS/HAMBURG, June 11 (Reuters) - Euronext wheat consolidated near contract lows on Wednesday as a favourable harvest outlook and weak export prospects hung over the market, traders said.Reluctance to sell among both farmers unhappy at current prices and investors, who already have a large short po...Reuters
Wed, Jun 11
US-loaded ethane vessel heads to India after China export curbs
By Arathy Somasekhar HOUSTON, June 11 (Reuters) - An ethane tanker that loaded in the United States headed to India on Wednesday, ship tracking data showed, after Washington required U.S. exporters to seek licenses to ship the shale gas to top buyer China. Around half of all U.S. ethane exports h...Reuters
Wed, Jun 11
WTI Oil prices rally on US-China trade optimism and declining inventories
West Texas Intermediate (WTI) crude oil is rallying on Wednesday, climbing more than 2% intraday as markets react positively to renewed momentum in US–China trade negotiations and a larger-than-expected drop in US crude inventories.
Fxstreet
Wed, Jun 11
