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CBOT corn ends lower on soy weakness, benign US crop weather
CHICAGO, June 2 (Reuters) - Chicago Board of Trade corn futures declined on Monday on spillover weakness from soybeans and as generally favorable crop weather bolstered early U.S. production prospects, traders said.CBOT July corn CN25 settled down 5-3/4 cents at $4.38-1/4 per bushel after touching $...Reuters
Mon, Jun 2
Flights at Newark airport likely to be boosted next week, FAA says
By David Shepardson June 2 (Reuters) - The Federal Aviation Administration said it plans to boost the number of flights at Newark Liberty International Airport next week after a runway reopened on Monday nearly two weeks ahead of schedule.Acting FAA Administrator Chris Rocheleau said at a press c...Reuters
Mon, Jun 2
CBOT soybeans hit seven-week low; US-China tensions in focus
CHICAGO, June 2 (Reuters) - Chicago Board of Trade soybean futures fell to their lowest level in seven weeks on Monday on worries about demand for U.S. oilseeds given trade tensions with top buyer China, along with generally favorable crop weather, traders said.CBOT July soybeans SN25 settled down 8...Reuters
Mon, Jun 2
US natgas prices jump 7% to 3-week high on lower output, higher demand
Oil price hike helps boost gas pricesUS LNG exports to decline due Sabine Pass plant maintenanceGas storage at 4% above normal levelsBy Scott DiSavino June 2 (Reuters) - U.S. natural gas futures jumped about 7% to a three-week high on Monday on a drop in output and forecasts for warmer weather an...Reuters
Mon, Jun 2
Med crude-Urals diffs steady in quiet trade, OPEC+ output set to rise in July
MOSCOW, June 2 (Reuters) - Russian Urals crude oil differentials to dated Brent held steady again on Monday in quiet trade after eight OPEC+ members decided on Saturday to raise output by 411,000 barrels per day (bpd) in July, the third straight month of the same increase. Saudi Arabia and Russia ha...Reuters
Mon, Jun 2
EXCLUSIVE-US pushes countries for best offers by Wednesday as tariff deadline looms
Trump administration wants countries to detail tariff rates, potential US investmentsUSTR draft letter reveals urgency to finalize deals with trading partnersCourt ruling challenges legality of Trump's sweeping tariff policiesBy Jarrett Renshaw June 2 (Reuters) - The Trump administration want...Reuters
Mon, Jun 2
PRECIOUS-Gold climbs to over 3-week high as dollar weakens, geopolitical and trade tensions mount
Bullion at an over 3-week highSilver at an over 7-month peakTrump plans to double steel, aluminium tariffs to 50%Dollar down 0.5% against its rivalsRussia-Ukraine tensions escalate ahead of peace talksBy Sherin Elizabeth Varghese June 2 (Reuters) - Gold rose more than 2% on Monday to its highest ...Reuters
Mon, Jun 2
GRAINS-Soybeans fall to seven-week low; corn eases, wheat climbs
By Julie Ingwersen CHICAGO, June 2 (Reuters) - Chicago Board of Trade soybean and soyoil futures fell to their lowest levels in seven weeks on Monday on worries about demand for U.S. oilseed supplies and generally favorable crop weather, analysts said. Corn futures followed soybeans lowe...Reuters
Mon, Jun 2
Saudi ARAMCO completes $5 billion issuance of bonds across three tranches
CAIRO, June 2 (Reuters) - Saudi Aramco 2222.SE announced on Monday that it completed a $5 billion issuance of bonds across three tranches under its Global Medium Term Note Program.It said $1.5 billion in senior notes will mature in 2030, $1.25 billion senior notes in 2035 and $2.25 billion notes in ...Reuters
Mon, Jun 2
EXCLUSIVE-US pushes countries for best offers by Wednesday as tariff deadline looms
By Jarrett Renshaw June 2 (Reuters) - The Trump administration wants countries to provide their best offer on trade negotiations by Wednesday as officials seek to accelerate talks with multiple partners ahead of a self-imposed deadline in just five weeks, according to a draft letter to negotiatin...Reuters
Mon, Jun 2
Panama has canceled registry of more than 650 ships amid sanctions, stricter rules
PANAMA CITY, June 2 (Reuters) - Panama's Maritime Authority has canceled the registry of more than 650 vessels since 2019 as part of an effort to fulfill U.S. sanctions and enforce stricter rules for the ships it flags, it said in a release on Monday. A total of 214 vessels have been withdrawn f...Reuters
Mon, Jun 2
FAA expects to soon boost flights at Newark airport after runway reopening
June 2 (Reuters) - The Federal Aviation Administration said it plans to soon boost the number of flights at Newark Liberty International Airport after a runway reopened on Monday nearly two weeks ahead of schedule.Acting FAA Administrator Chris Rocheleau said the runway is already being used for dep...Reuters
Mon, Jun 2
US Plains HRW Wheat-Basis bids steady, winter wheat harvest begins
CHICAGO, June 2 (Reuters) - Spot basis bids for hard red winter (HRW) wheat were steady in the southern U.S. Plains on Monday as farmers have started to harvest crops, dealers said.The U.S. winter wheat harvest is estimated to be 4% complete in a U.S. Department of Agriculture report due at 3 p.m. C...Reuters
Mon, Jun 2
Exxon signs agreement with Azerbaijan's SOCAR to explore onshore oil production
SOCAR signs oil exploration agreement with Exxon Sources say SOCAR will also announce offshore sale to BPAzerbaijan to increase natural gas exports, Aliyev saysBy Nailia BagirovaBAKU, June 2 (Reuters) - Exxon Mobil XOM.N and Azeri state energy company SOCAR said on Monday they signed a deal agreeing...Reuters
Mon, Jun 2
COLUMN-Crop Watch: Corn improves but soy health is lacking -Braun
By Karen Braun NAPERVILLE, Illinois, June 2 (Reuters) - Although not all fields have emerged, U.S. Crop Watch soybean conditions are starting out on their worst note in at least five years, similar to the corn ratings a week ago.Only eight of the 11 Crop Watch soybean fields are available for rat...Reuters
Mon, Jun 2
Greenpeace removes wax statue of Macron over French trade with Russia
PARIS, June 2 (Reuters) - Greenpeace activists removed a wax statue of French President Emmanuel Macron from the Grevin Museum in Paris on Monday and put it in front of the Russian embassy to protest against French business ties with Russia and lack of stronger climate action.In its statement announ...Reuters
Mon, Jun 2
WTI Price Forecast: Oil prices climb on weaker USD, geopolitical tension, WTI stalls near key resistance
West Texas Intermediate (WTI) crude oil edges higher on Monday, kicking off the week on a firmer footing as a weaker US Dollar (USD) and persistent geopolitical tensions between Russia and Ukraine continue to underpin market sentiment.
Fxstreet
Mon, Jun 2
Behind OPEC+ oil output hike, Saudi-Russian tensions simmer
Saudi Arabia wanted to further speed up oil hikesRussia suggested hikes shall pauseSources say tensions not critical for nowFor OPEC+ unwinding its cuts, see By Ahmad Ghaddar, Dmitry Zhdannikov and Alex Lawler LONDON, June 2 (Reuters) - Saudi Arabia and Russia had to reach a difficult compromise ...Reuters
Mon, Jun 2
Ivanhoe plans partial restart for flooded Congo copper mine in late June
JOHANNESBURG, June 2 (Reuters) - Ivanhoe Mines IVN.TO said on Monday it plans to restart a section of its Kakula copper mine in the Democratic Republic of Congo later this month that was closed due to underground seismic activities.The Canadian miner temporarily stopped operations at the Kakula mine...Reuters
Mon, Jun 2
EXCLUSIVE-Egypt's new grains buyer struck rare deal for French wheat, sources say
Mostakbal Misr buys French wheat from top European traders New military agency took over purchases in DecemberSources say cargoes are facing delaysEgypt is one of world's biggest wheat buyersBy Sarah El Safty, Mohamed Ezz and Gus Trompiz DUBAI, June 2 (Reuters) - Egypt's state grains buye...Reuters
Mon, Jun 2
